My Exit Strategy

As with any good idea, it may start off doing well, but can fade quickly if you are not aware of your opportunity and whether or not it will consistently be there. With this in mind, my exit strategy would be more short-term than I wish. I wish I could keep my company open for the long-term, but technology is making it more difficult for a venture to stay open for long.

My exit strategy would be to grow this company and see how it goes for about 5 years and hopefully it would be excelling and there would be outside interest in purchasing the company. I would look to sell this company after 5 years because more technology is being developed that would potentially allow for smaller cars that could make parking not an issue on our campus and eventually, flying technology that would solve the problem of parking and transportation issues on our campus. I hope that by selling my company, I would get a large return because I am weary of how long this venture will be available.

As I stated before, I am weary that my venture would close quickly due to all the new technological advances and I am scared that when I look to sell, there will not be as much interest and I will not gain a large return on my investment.

I think my exit strategy mainly influenced my thoughts to make my company a private venture instead of working with the government and being public. The main reason that I chose this was because being private allows me to sell and get out quicker than it would be if the company was public and had more influence from outside of myself. It also makes expansion not as important, other than possibly expanding to more locations around the nation, particularly around college campuses.