1) Five years from now I do intend to sell my business not necessarily for a large return. I don't see my business generating large sums of revenue rather I see it generating meaning to my customers. Im hoping to pass down my business to a fellow student after I graduate who is sees the bigger picture of the help this can bring to people and wants to continue it within their time at University.
2) I have selected this particular exit strategy because I think it should be run by a student who is on campus rather than an adult who is starting a family and isn't prioritizing that. I don't see this becoming my career because I would like to pursue different things but I definitely want it to continue running and benefiting kid's duration at college.
3) I think it has influenced other decisions I've made throughout my venture. Since I never saw this growing to a much larger scale I didn't put the effort into making bigger connections. I feel like the resources I've acquired are nothing out of the ordinary or too complicated because I wanted it to be small and genuine. Its a business that can be run by anyone.
Hi Katherine,
ReplyDeleteI think your future plan for your business is unique in the sense that you would sell it, but also pass it down to another student rather than a family member. I definitely agree that having the business run by a student is beneficial for both the business and the consumer because with a concept like yours, having it run by someone who can relate to the consumers on a personal level would only propel the business.