Thursday, April 16, 2020

28A- Your exit strategy

1) The exit strategy that I have chosen would be to selling within the next decade. 
2) Why have you selected this particular exit strategy?
I think with this type of venture, it is important to think of the cyclicality of the service. While I think phone repairs is in high demand for now, I am unsure where it will be in the next 5 years. I think this is a situation to assess as the time gets closer. Our business is highly dependent on students needing our services, and for students to be on UF Campus. 
3) 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?
This decision has influenced my growth intentions. My venture has potential to grow in the coming years, but again, it is dependent on the need and market. Will smartphones be as popular as they are now in the next decade? We may need to evaluate and adapt as things in the market continue to change. 

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