My 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?

I plan to sell the rights to the business within the next five years for a large return to work on other potential business ideas.

2) Why have you selected this particular exit strategy?

I chose this business strategy because once the patent for the product runs out there is not much else to do with the company name.  It could continue to make products but it would be hard to link them with the original product idea.

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?

The exit strategy has definitely influenced the other decisions I made in the concept.  I had plans from the beginning to work with a solar idea, which required a high initial investment.  To lower the debt ratio of that investment I needed an idea that could be sold with lower risk.  With initial funds in place I will stay with my future business and plan to grow upon it with a plan of looking for ways to improve current conditions to create marketable products.