My Exit Strategy

In terms of exit strategy for my venture concept, I think it all really depends on how well the company actually performs. If the company becomes wildly successful and expands into new markets and opportunities, I would be very open to staying with the company in order to help it grow and become even larger than it already would be. However,  I would seriously consider selling the company and/or leaving in order to pursue other ventures if the company didn't perform as well as I expected it to. Additionally, if I didn't like the direction that the company was headed in, I would probably leave to take advantage of other opportunities.

Since I haven't exactly picked one particular exit strategy, I'll elaborate more on my rationale for the potential strategies that I provided above. I think that when I'm able to work in the same mindset and have the same goals as the company I work for, I'm more successful because I actually want to make a difference in the workplace. However, if my heart and/or mind isn't in line with the ideals and objectives of the company, I think that my work is negatively affected, and hinders my performance. For these reasons, I can't say for sure whether I'd stay with my company or sell it in 5 years. What I can say with near-certainty is that I don't plan on the company becoming a "family business," but depending on how the company would actually play out, it's always a possibility.

I truly feel that my exit strategy didn't affect the development of my business concept in any major way. Before this assignment, I hadn't thought about what I would actually want to do with the company in the future. That may be bad planning/foresight on my part, but it's the truth and I'm not going to deny it. Looking back, I may have influenced the development of the concept unknowingly with thoughts about the future, but I don't think that the exit strategy played a major role.