1) All good things must come to an end, and with that mentality I will more than likely decide to sell my venture about 5 years down the road to make a profit.
2) I have decided to select this particular exit strategy because I have other aspirations in life. I view this venture as a way to maybe lessen or completely delete the debt I will have to pay back after Law School. My dream is to go to law school, and hopefully this venture will help me pay for it. However, this opportunity is a huge stepping stone in my life that will help me get to where I want to be in the future. And who knows, when another opportunity presents itself to me, I will be prepared to jump at it.
3) I actually do think that my exit strategy has influenced many of the decisions I have made along the way. I specifically chose an opportunity that I noticed to be rather a fad instead of a concept that will take time to materialize. I chose this because it was most opportunistic for me to get out in five years as opposed to something that will not likely generate a substantial profit as quickly. I think that to me the most important aspect to this was to make money so that we could generate a profit so that I would not have to pay as much money to go to law school. If I accomplish that goal, I will pullout of the venture and wait for later in my career to take another opportunity.
2) I have decided to select this particular exit strategy because I have other aspirations in life. I view this venture as a way to maybe lessen or completely delete the debt I will have to pay back after Law School. My dream is to go to law school, and hopefully this venture will help me pay for it. However, this opportunity is a huge stepping stone in my life that will help me get to where I want to be in the future. And who knows, when another opportunity presents itself to me, I will be prepared to jump at it.
3) I actually do think that my exit strategy has influenced many of the decisions I have made along the way. I specifically chose an opportunity that I noticed to be rather a fad instead of a concept that will take time to materialize. I chose this because it was most opportunistic for me to get out in five years as opposed to something that will not likely generate a substantial profit as quickly. I think that to me the most important aspect to this was to make money so that we could generate a profit so that I would not have to pay as much money to go to law school. If I accomplish that goal, I will pullout of the venture and wait for later in my career to take another opportunity.
Nick,
ReplyDeleteI think it is really interesting how you chose açaí bowls as your idea because you knew that you could benefit a ton from it now while you are still in school rather in a few more years. You would definitely be able to use the money to pay off your college tuition and not have to worry about it down the line.