1. At the start of my venture it was all about finding the perfect customer segment and appealing to their needs. i morphed my ideas, concepts, and strategies to appeal to markets opportunities in order to be successful. However because my venture was a service and not a product i don't focus too much on its identity rather the viable information being filtered out to my customers. therefore i would to find partners and sponsors who are will to put their name on my product. this will allow for more expansion of the company with newfound relationship sand ties to market segments such as corporate investment gurus, advertisement, and widespread marketing that i wouldn't be capable of obtaining by myself. i would sell off portions of the business my partners giving them a percentage of control of the company so i have access to their resources and can generate a higher return for myself. the goal with my venture was to create a product that solved a need to help college students understand finances just a little better and have a channel for small scale to large scale investing through a mobile app. once I've accomplished that i have done my job and as long as the company continues to provide this essential grade A service i would look to selling in the future.
2. i selected this strategy because finance is a passion of mine and something that i believe will drive my career. however i view the venture as a side business something that will be successful and help slot of people that i am fully invested in to get started but once it can run on its own i would no longer want the burden of solely running it and making it prosper. i would be more interested in gaining a returns that i could focus on my true passion in life family, which would come before my career. That's were i would want my focus in the future not he business.
3, this exit strategy has definitely influenced many of my concept decisions. such as i am looking for a high growth in the beginning not so much concerned with sustainable long term growth. it also made me look to partnership and sponsor deals for resources which would allow me to give something to get something. it would require a lot less investment on my part into the business and alleviate a lot of time. i am looking to build the company up as much as i can until its time for me to pass it on and collect my gains,
Good plan for your exit strategy. I understand wanting to keep something like this part time to allow you to pursue other ventures. I also feel like it is a good idea to temper growth in some ventures as well. I like that your goals are not to grow this business your whole life and you are looking to release it at some point.
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