28A- Your Exit Strategy

1. I plan on staying with my company until it has expanded all over the country. Once the name and the app is a recognizable name in college towns across the country, I would look into selling. I would do this to ensure that I have sold it when the value is at its highest. This would allow me to make a big profit, but not take the risk of expanding past the college town markets.
2. In my opinion this is the safest exit strategy. If everything went as planned, I would of built this app up to become one of the most popular apps on the market for college students. My exit strategy would allow me to build the app the way I envisioned, make it successful, but also allow me to make a profit before more risk gets thrown into play.
3. I think that my exit strategy influences me to grow my app into many different locations around the country. The goals, before I exit, is to have in college towns all across the east and west coasts of America.

Comments

  1. storchentApril 14, 2019 at 4:17 PM

    Hi Eric,
    I love the ambition that you have with your company and concept. I think it is a great idea to expand it, and then when it is at its peak, sell it to a big name app company who can take it elsewhere. Great job!

    ReplyDelete

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