For both ideas that I've had for this class, I intend to sell to a larger company and exit as quickly as possible. Time is of the essence. It is only a matter of time before another company can do what you do cheaper, and at a lower cost. Because of this, it is essential to build a large following of loyal customers quickly, then sell to the highest bidder once this is established.
I have selected this exit strategy because I believe it will result in the largest return with the lowest amount of time.
This exit strategy has had a large impact on the formulation of my business concept and idea. Both ideas are inventions, not processes or services, so I believe they are more easily copied. Because of that, it is necessary to sell and exit as quickly as possible.
I have selected this exit strategy because I believe it will result in the largest return with the lowest amount of time.
This exit strategy has had a large impact on the formulation of my business concept and idea. Both ideas are inventions, not processes or services, so I believe they are more easily copied. Because of that, it is necessary to sell and exit as quickly as possible.
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