1.) When looking at my exit strategy towards my business venture I would easily say that I would stick with my idea and further develop it to where I see its full potential is being accessed. This would be of course give me time to further build up my business venture, which in my mind would flourish in the vegan world/ nutritional lifestyle .
2.) My goal is to produce an app that can can dominate the mobile app world in producing an app that will not only provide specific details regarding nutritional values of food, but also through a location finder and the ability to provide reviews via social media that will connect an app that will bring together different array of age demographics. By keeping my company and building over time I think I will be able to eventually retire relatively early in my mind.
3.)I had honestly never thought about my exit strategy until this exercise came about so looking at my business venture I didn't factor that into what I wanted to accomplish. I do see now that I should have done this. But I see how having a different mindset towards an exit strategy can alter how you build your company. My sense the entire time was to build off this idea and create a company that I could further develop through my life and eventually retire. By having the potential backing of grocery chains and having little advertisements I can see further growth through my exit strategy.
Patrick, I admire your drive in creating an app that would dominate the mobile market. This appears to be a far-fetched goal, but I think with the right hard work and dedication you could make it happen. We both had similar ways of setting high goals for ourselves. If you would like to check out my blog post you can do so below:
ReplyDeletehttp://maxwilk.blogspot.com/2016/04/my-exit-strategy.html
Hello Patrick,
ReplyDeleteThis was a great post! We are both similar in the sense that we would want to keep a hold onto our company, especially if it would profit greatly to the point where we would be able to retire at an early age. However, we differ in the sense that I would certainly sell my company early on if the offer was good enough. You can check my post out here at http://bradksingh.blogspot.com/2016/03/my-exit-strategy.html