Wednesday, April 6, 2016

My Exit Strategy

I intend to stay with this business for the foreseeable future. I believe it is a great venture idea, and I think that after the first five years or so it will greatly expand. I think that there are enough small town college campuses that could benefit from this idea. Also, I believe that I can easily expand the market to include small beach and tourist towns. I will most likely just pass down this company through my children. My main intent on this venture is to help out college students, and not to gain huge profits. I believe that if I were to sell this company, then large corporations would care more about making money, and not helping college students. As a college students, I believe that we already have too many things that we spend large amounts of money on, and reliable transportation is hard to find if you do not plan on spending a lot of money. Also, college students will be the future of our economy, and we should help them out if we can. I believe my exit strategy has made me work harder on the other decisions I have made. Since I would want to keep this company and pass it down to my children, I have made a bigger effort on researching many things. I have spent more time thinking about costs, if people would actually use this idea, and on making sure I get feedback from the customers that I would be looking to target.


Image result for rental scooters

3 comments:

  1. Hello Luis,
    You are the first student to want to stay with your business for the foreseeable future. It's interesting how all the posts on exit strategy that i have seen thus far, including mine have mentioned that their exit strategy is to sell after 5 years. I'm not sure why this is, maybe because none of us have enough faith in our business ventures to feel secure for lifetime owning it, or maybe me foresee the attrition rate in the near future, but it is great that you for one truly believe that your business can thrive, and i too agree that your particular exit strategy has helped you work harder on other decisions involving your venture. If you would like to see my exit strategy, you can view it in this link- http://ent3003img.blogspot.com

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  2. Hey, Luis. It's glad to see someone with so much faith in their venture. Hopefully you can find the logistical expertise to aid you in establishing your venture, or find the prowess in reliable partners. Going with the 'passed-down family business' route is admirable, and often times lends more credibility to a business and makes it more attractive to customers, rather than a faceless or soulless corporation, as you mention.
    My blog: http://bpace9583.blogspot.com/2016/04/my-exit-strategy.html

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  3. Hi, I really like your work here. I think that you are making a wise decision by not deciding to sell or keep in the future. If you do not have any solid evidence swaying you one way or the other, holding off on a choice is probably a safe bet. My post is different than yours but feel free to check out my blog: http://phatblogz.blogspot.com

    Good job,


    Ben

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