28A - Your Exit Strategy

• Identify the exit strategy you plan to make. Do you intend to sell your business in the next 5 years for a large return? Do you intend to stay with the business for several decades and retire? Do you intend to protect the venture as a family business, and pass it down to your children?
• For my proposal, my exit strategy will be estimated to happen as a competitor creates an updated version the leadership course. Educational entrepreneurial endeavors are tricky that way because new ideas, especially technological ones that appeal to the students, would overtake my edge. If I cannot come up with a contingency plan to compete the newly demanded I would be forced to exit and pass the baton to others.
• Why have you selected this particular exit strategy?
• Because I instinctually derived this exit strategy for the imminent threat of succumbing under a competitive giant that has incorporated my same concept but with application attached to its version. I hope to have a strategy to where I can bounce back and be able to compete with the new providers of the courses, but if it comes to being short my exit strategy would be the best alternative.
• How do you think your exit strategy has influenced the other decisions you've made in your concept? For instance, has it influenced how you have identified an opportunity? Has it influenced your growth intentions or how you plan to acquire and use resources?
• The exit strategy did not really influence my development to my entrepreneurial proposal. With my idea being original I know that I would have started this proposal with only the individuals, which are company executives or managers, in mind as I craft each component of the leadership course.