28A – Your Exit Strategy
1) I will definitely sell my business to some larger company and intend to keep a small percentage of profit.
2) Why have you selected this particular exit strategy?
This is not a passion project, it is a fairly basic product, I do not need to stick by it until my grave.
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?
My exit strategy has definitely made me put less work into the product and not really worry too much about growth.
Hello Tinatin, I like your exit strategy and think it make sense for your particular product. I also think it is a good idea to keep a small percentage of the profit because that will allow you to continue making money from the product. As for growth I still think that should be important to you because expanding your product could lead to a larger profit when you do decide to sell it.
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