1) 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?
After beginning the process of generating enough capital to governmentally subsidize, I would hope to execute this plan accordingly. If all goes well, the government subsidy would help the young lives of many Americans. These government subsidy scholarship winners would be given the opportunity to receive financial support for their college tuition, housing, etc. After creating a successful subsidy, I would eventually put this in the hands of someone I trusted dearly with this responsibility. This would be a similar strategy to “selling” my idea, though I would only be credited for this idea, and not benefit financially. I would stay with this venture for as long as I feel is ample time and the right time to step away. I would not intend to protect the venture as a family business or pass it down to my children.
2) Why have you selected this particular exit strategy?
I do not see this venture as a “career.” I see this more of an opportunity to get my “foot in the door” politically and help the lives of many college students, like myself. This opportunity would allow many high-ranking students the opportunity at discounted college tuition, alleviating the burden of college loans that many people face upon graduating college. I feel this is not a career because I do not plan to become a government employee, though accomplishing this would improve the lives of many young Americans. I have selected this particular exit strategy with the intention of changing the burden of college tuition for many young aspiring Americans.
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?
I do not believe that my exit strategy would have much of an influence on the decisions that I would plan to make at the helm of this venture. I would treat this venture with its best interest in mind with every decision made. Since I will not be profiting personally off of this venture, I would make the decision that best benefits the students. This would allow me to gain the trust of many American citizens and eventually put this idea in the hands of another person with hopes of making college more affordable for hard working students. This person would be holding the fate and future of many young aspiring Americans.
Hey Jake,
ReplyDeleteYour idea sounds quite hopeful! As college became more and more popular over the decades, the need for some sort of financial aid grows too. It's great that you want to help future college students! I'm sure more people are encouraged every year to attend when they're assured they won't be a financial burden to others, or too worried themselves. I feel there needs to be a more stable way considering the number of people going into academic debt.
Hi Jake,
ReplyDeleteGreat post and great plan for the future of your company after it becomes a very successful enterprise. I really like your idea about having the company being given to someone who can responsibly manage the company with ease and make sure that everything is run smoothly. This exit strategy is one that is very wise and I wish you luck.
Hi Jake,
ReplyDeleteI have loved the whole concept behind your business venture since the start. College students do struggle financially a lot and your business venture can solve a lot of their problems.I feel like you should continue with this idea or atleast be a silent partner in it because only you would know how to fully execute and carry it on. Your business venture has alot of potential and can help students get the education they truly deserve