28A – Exit Strategy
·
Exit Strategy:
o
I
intend to build my app up to become the most complete version possible while
attempting to make the venture as profitable as possible in order to be able to
make enough money to start more ventures. I plan to sell my app and its rights
within the next 5 years preferably to a company with much more stake in the
Medical Field in order to make sure that the app continues to be useful or
potentially more useful than when under my control.
·
Why this strategy?:
o
I
decided this would be the best route for my venture because I think that I
could begin to invest in more profitable things and if the app turns to people
with the right intentions I believe it could still have the mindset for the
customer first and become even more helpful for those in need.
·
How has this influenced my other
decisions?:
o
I
think that with my current venture it’s possible to put a lot of time and
energy to make the app as effective and user friendly as possible while still
having it be possible to move on in the near future. I think that this makes
the most sense with my venture because it’s not something that can really
continue to become much more grand. I think that it would make much more sense
for me to take the earnings from the app and put it into other ventures.
Hey Matt, I had a similar idea to sell my product to a bigger firm. However, I wanted to do so only if my business is not growing like I wanted to. I believe that with the earnings you make in this app, you can actually invest and create other products that can assist consumers in need. Your exit strategy should assist you in enhancing your career.
ReplyDelete