28A – Your Exit Strategy

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?

My business is going to start in the libraries within the campus of UF, and then hopefully over the years I'd like to expand my business to other schools in the states, and maybe even out of the country. I will probably keep my business for about 10-15 years and then sell it. 

2) Why have you selected this particular exit strategy?

I have chosen this exit strategy because I don't know what libraries will look like in 10-15 due to the fast movement of technology in our society. Obviously students will need a place to study, but I just don't know if that will be in the libraries in the future. That is why I want to sell my business and make profit while I can.

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 don't think my exit strategy influenced how I made my concept or how I identified my opportunity. If anything it just reflects my idea, because my idea is about convenience and my exit strategy benefits the convenience of me. I just want to expand my business and make it big before I sell it.