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1) Since my business is largely a service
structure, I think it will be difficult to create a large economy of scale and
grow my business for the remainder of my working career. Thus, my ideal exit
strategy is stepping down from my position as CEO once I believe I have tapped
the entire possible markets successfully or if I simply do not have enough time
to dedicate to the business.
2 2) I have chose this strategy primarily because I do
not think I could grow my business large enough to support me financially for
an extended period of time. I think continuing my career in finance will give
me a better financial standing down the line with the same amount of effort
that would take to grow my business. I would probably sell my stake in the
company and cash out.
3 3) I think the greatest impact by exit strategy has
played into formulating my business idea was in the creation of my target
audience. I decided early on that my primarily market would be UF and some
other Florida colleges. By choosing this target market, I implicitly decided
that achieving economies of scale will be difficult, thus my business in its
current format could not sustain across the country.
Hey Matt! I think your exit strategy would be a great idea in order for you to reap the most benefits of your business without investing too much of yourself and your money. If I were you, I would potentially explore the option of the University of Florida or other schools to invest in your program and buy your plan/ customer base from you so you can earn profits that way.
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