My Exit Strategy

1.         I do not intend to keep my business after I graduate college because it will be hard for me to manage it not living in the only place that the business runs in. I would definitely sell it to another college student who shows entrepreneurship skills and is passionate about keeping it running.

2.         I selected this exit strategy because I would not be able to oversee daily operations and make sure the business is running smoothly/pinpoint any weaknesses if I am not in Gainesville. I also do not intend to keep it long enough to pass down to my children. I do not think in five years the business would accumulate that much profit that I could have a large return. I came up with this mainly for the student need of free safe rides instead of trying to make a lot of money.

3.         This strategy has definitely influenced other decisions I have made in my concept. The fact that I would leave it to someone else after just two years because I want the students to benefit from the app as much as possible, and I would not be able to do that after 2 years shows how much I care about solving the problem. It shows the main point of my business, for rides to be free. I also think that it has shown how I identified my opportunity since I was able to so clearly pinpoint it since I live here.