For my exit strategy I think I would want to sell my product for a large sum of money. One, I think any patent I get wouldn't last my lifetime and competitors could come on the market afterwards which would lower my market share and profit. So if I sell beforehand, I can reap a big reward. Also owning a business seems like a lot of work so one day I would like just to get a regular job. I don't think anyone in my family would like to carry on this business so I definitely wouldn't keep it as a family venture. My product isn't really a sentimental or out of this world technology, so I don't see any extremely important reason not to sell my start up.
I honestly don't think my exit strategy has really influenced any of my other decisions that I have made for my opportunity so far. I don't really see how a decision on how to end my business is going to significantly impact my decisions on how to grow or run my business.
No comments:
Post a Comment