28A - Your Exit Strategy
1. Initially, when I started this project in the beginning of the class, my only idea was to create a new library for the University of Florida. As the class has continued, I started to come up with more and more ideas about what I could do to evolve this idea into an actual company. For this reason, I can see myself continuing in this business for several years, many even decades, and then retiring and selling the company.
2. I've selected this particular strategy since I think there is more room to grow, as I can develop my idea from simply creating a new building to making several new buildings for campuses around the world. I could also start to do several other tasks that may enhance Universities in many other ways. With that being said, I feel as though there is a market that has plenty of room to be explored and I can potentially go pretty far with it.
3. I don't feel as though my exit strategy has impacted my decisions, but that instead my decisions have influenced by exit strategy. In the beginning, I was intending for this to be a simple project that I would exit from after. However, now that I have come up with more ideas and more opportunities for growth, I can see myself going for a long time.
2. I've selected this particular strategy since I think there is more room to grow, as I can develop my idea from simply creating a new building to making several new buildings for campuses around the world. I could also start to do several other tasks that may enhance Universities in many other ways. With that being said, I feel as though there is a market that has plenty of room to be explored and I can potentially go pretty far with it.
3. I don't feel as though my exit strategy has impacted my decisions, but that instead my decisions have influenced by exit strategy. In the beginning, I was intending for this to be a simple project that I would exit from after. However, now that I have come up with more ideas and more opportunities for growth, I can see myself going for a long time.
Hi Nikki,
ReplyDeleteI made the same decision in my post to sell the business once it takes off. I think that's probably the best idea in general for college students like us because we have our whole lives ahead of us, so we probably don't want to get tied down to something that will require us to work on it for decades. It's good that your exit strategy isn't hurting your plan, because that could make it harder to sell if you weren't able to do as good of a job.
Nikki, I think that for your venture, your strategy is very fitting. For many people, I understand why they hope to sell out early and move on to something new. However, I think your business is different than many other people's ventures. I think that if you were able to open another library, you would have such a positive impact on the students that you would be able to continue finding ways to improve campuses.
ReplyDeleteHey Nikki,
ReplyDeleteI think you're spot on with your post. There is definitely room to grow with this idea. I think the way you look into the details and look back on your original idea and how simple it started is great. If this is something you want to look into for the future and keep going, I support it. The best ideas and endeavors come unintentionally. Great post!
Hi Nikki, this is a great exit strategy. Finding out that you could actually make this thing happen and expand this into a company is great. Giving yourself room to grow is always great and can lead to even better things. I wish you the best of luck on your expansions and hope to see some of them out in the real world some day. Overall , good job.
ReplyDelete