Assignment 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?
In order for me to be comfortable with selling my business in the next 5 years, I would have had to have a massive producer/teacher approach me about wanting to take over my services. I dont initially plan on selling my business, but in reality everything has a price tag. I would love to be able to watch this thing grow over time and see what all I can expand too and improve upon. Another thing I would really enjoy seeing is all the creative designs and things people have made through my services and with the help of my company. I would like to have the business stay in the family, but I would also not want to pressure my future children to feel obligated to have to take it over. I would want them to be able to chase their dreams and career goals if they were to want.

2) Why have you selected this particular exit strategy?
 I think with this particular selling exit strategy, I would be leaving the company in someones hands who also knows a lot/more about the software being offered and taught through my services. Leaving the business in the hands of someone who shares the same passion as you is  something I would feel comfortable doing if the price is right. i would really enjoy to see the company grow, or even negotiate a partnership deal to be able to keep my foot in the loop. But if I believe the company would have better opportunity with another owner, I feel I should let it grow into what it is supposed to be or what it could be.

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 believe thinking of the exit strategy has changed some of my viewpoints on how I make decisions for my business. The opportunity of selling the business to another large influence in the computer graphics, digital editing market I think is a great call in order to gain the maximum amount exposure the business could get. I do not think this idea effects my growth intentions because i would still like to maximize the output of my business the best to my ability. Through my own output efforts, i predict this would gain the attention of a potential buyer in order to set me up for my planned exit strategy.