I plan to exit Bubble Tea Paradise by selling the business in the next 5 years for a large return. I see this as the most beneficial strategy for my venture because of the up and coming demand for bubble tea quickly.
I chose this exit strategy because I believe selling the business will grow it the most and leave room to penetrate the market deeply. A larger food retailer could benefit from this service and will pay a premium for Bubble Tea paradise to realize synergies between my business concept and the existing scale of their company. The customer demand is rising quickly and trending to steadily increase for quick, tasty options, so with the power of a huge supplier and retailer behind Bubble Tea Paradise, I see the room for success, improvement, and growth.
My exit strategy didn’t really influence the decisions I made to identify opportunities. I found these opportunities and network connections with the business’s prosperous future in mind. I didn’t want to think about how the business will fail and I will have to exit before it even got off of the ground. I believe it is important to understand where your business is going to make sound decisions on calculated risks, however, I don’t believe the entrepreneur should focus on how to exit before he/she really took a stab at the business idea and the opportunities that could abound from it. However, realizing that I will eventually sell the company assisted me in being deliberate in who I contact and make connections with. It helped me form relationships with potential buyers in the future of the large scale that I envisioned taking over the company.
Hi, Wendy. I think it is interesting that you want to build the business up so much and then just sell it. It makes sense of course, since you may have other ventures you want to pursue and that will give you some revenue behind them. I do think your business sounds interesting as well. I love bubble tea and I wish there was more affordable bubble tea available near me.
ReplyDeleteHere is the URL to my blog post:
http://rolononariver.blogspot.com/2016/04/my-exit-strategy.html
Hi Wendy! You did a great job on explaining your exit strategy. I think it’s a good idea to sell your business in the next five years to obtain the largest return possible. I think that by selling your company to a larger food retailer will give you the return you want. I had the same idea with my business. You can check it out here: http://courtneysrymer.blogspot.com/2016/03/my-exit-strategy.html
ReplyDeleteHey,
ReplyDeleteMy exit strategy was a little different because my business concept is more of a non profit working on bettering my community and the students at UF. Although I think your exit strategy is well thought out. I really enjoyed reading your post and I wish you the best of luck. If you have a chance check out my blog at http://domdey10.blogspot.com/2016/04/exit-strategy.html?m=1