Exit Strategy
I've decided to archive my venture. I think in the future, I could pull out this idea and actually pursue it. If I do decide to pursue it, I would keep it as a side venture, and eventually sell the company, or rid its resources until the company went out of business. While I like my venture, it was never something I wanted to greatly pursue.
Why
I chose this exit strategy because I currently do not have an interest in pursuing my venture. I have other goals I want to achieve first. I also do not have a large interest in an entrepreneurial venture at the moment.
Influence
I think my exit strategy has indirectly influenced other previous decisions I've made regarding my venture. I always knew in the back of my mind that I would archive this idea at the end of ENT3003. It's possible that I didn't come up with the best decisions for my venture in previous assignments. I don't think it influenced how I identified an opportunity, but I think my strategy affected any future growth plans. Since I don't plan on pursuing my venture anytime soon, I haven't paid much attention to growth plans, or acquiring resources.
Hey Tara,
ReplyDeleteI find your exit strategy very interesting. I think it would be a great idea to archive your venture and pursue it in the future. However, I do no think that I could follow this exit strategy because I believe that I have short window of opportunity for my venture. I think this is a great exit strategy for you because it is important to achieve the other goals your prioritize first. Overall, great work!
Hi Tara!
ReplyDeleteI agree with Melanie that your venture's exit strategy is very interesting. I don't think a strategy like this would work for me due to the fact that I needed a phone case immediately, which I was going to fix by making myself an ideal iPhone wallet. I can also relate to you because I'm sure I didn't make the best decisions for my venture either, as I am new to this.