My Exit Strategy

-


  1. The exit strategy I am thinking about doing is wanting to stay with my company and product for as long as I can. I love to help encouraging students to be the best they can possibly be and I think my product does that. I think after making multiple products that do with Study Buddies and do equally as well, that's when I would start considering my options and figure out what I really want to do. For a product like this, it is something that can stay around for a very long time. 
  2. I decided to keep my exit strategy in the open because you never know what could fully happen to a company. The future is unpredictable. So when it comes a time were my product has finally met its mark, that when I'll fully dive into a thought out exit strategy and give my product what it deserves. 
  3. This exit strategy has definitely made me think about how well my product is actually going to do if I decide to go through with Study Buddies. Growth is important to a company so if my product isn't doing that within a certain time frame then I would have to consider my exit strategy earlier than usual. I hope that the support system I have around me will come through for me at the time where I would have to use my exit strategy because I can look to them for advice and see where their thoughts are at when it comes to this topic. Decisions like this are not easy so having people by my side giving their opinions would help me ultimately decide what to do. 

Comments

  1. ENT3003August 2, 2020 at 3:19 PM

    Hey Rachel, your exit strategy is clear and concise it sounds like you have a good plan set in place for your opportunity. I think its good that you realize the future isnt always clear even if you try and map it out there are factors that cant be predicted and are out of your hands. I think with an opportunity like yours that deals with education their will always be a need for it. The factors behind the need may change, but the need I think will always exist and your opportunity will be beneficial to many students.

    ReplyDelete
  2. Mehr KAugust 3, 2020 at 10:54 AM

    Hi Rachel,

    I like that you mention that you want to keep your exit strategy open. I also felt the same way as you about my own exit strategy. I think focusing on growth will eventually lead you to an answer. Whether if you want to sell it to a bigger competitor or try to become a giant in your own community or become a franchise in the field. Time has a way of giving you all the answers. I hope this helps. Best, Mehr.

    ReplyDelete

Post a Comment

Popular posts from this blog

Things that "Bug" me

-
Image
Bug List My brand new car not wanting to start when I'm running late for work.  Why? Something could be wrong with the battery or starter. Dorm roommates being loud when I'm trying to study for a final exam. Why? They could be hanging out with friends or watching TV in the living area. Anyone who leaves their mess behind when they leave to go do something else (could be leaving dishes, school materials, any kind of task). Why? Could be in a rush or thinking someone else is going to pick it up for them When I'm working a lunch rush at my job and customers get mad because they haven't gotten their food yet. Why? There could be a lack of communication between me and the customer or the customer is being impatient. When it isn't busy at a certain restaurant and it takes abnormally long for my food to come out. Why? The people in the kitchen could be having issues. Terrible cell service when I need to make an important call.  Why? Bad weather or construction could be hap...
Read more

Reading Reflection #3

-
Image
The overall theme of this book is evolution. I gained that kind of perspective because it seemed like Anderson was giving us the new and improved ways that went with people making things. That meant that we have come a long way since the actual industrial revolution and we as people are using new ways to grow as an country and as the whole world.  This book connected to this class by showing me how important entrepreneurship really is. It is not just businessmen/women making new companies and products, it is a field that makes the world grow bigger and have better means to it. Everything we own was just a little idea at some point and eventually someone took the opportunity to make it into something bigger.  An exercise that came to mind when reading this book is cause and effect. What I mean by that is identifying causes and effects for this "new" revolution and explaining how it differs from the industrial revolution that we learned about when we were kids. It could put mor...
Read more

Venture Concept #1

-
Image
    Opportunity : Giving students a chance to earn better grades by adding on extra study tools for them for their own advantage. There isn't any changes in the environment that is creating this opportunity. My target market is students from the grades Kindergarten to College. There is no age limit to my service but the main age range is 6 years old to 25 years old. Now, customers are currently satisfying this need by studying for themselves and gaining access to outside resources when need be. I think customers are loyal to what they are using now because they think there is nothing else better for them. I plan to change that with by service I am putting in place. This opportunity is big because I am giving students who need more help than others a chance to excel in school and develop the grades they need to feel good about going to school. The window will be open for as long as children are going to school. They will be the leading people in these next generations to come s...
Read more