My exit strategy would not be the same as a typical venture due to the fact that my venture is under an already established organization in the University of Florida. I do intend to stay growing the Men's Soccer team here at the University of Florida for at least three years as we try to establish our place in the market. After those three years, I believe I will move on to creating another athletic team here at the University or developing an underperforming venture here. Since this is operated by the University of Florida, this venture cannot be sold or transferred. I expect to continue working with the organization but in another capacity or venture.
I chose this particular exit strategy because it is the only option that is available since we cannot sell or transfer the venture and move on. It is the most practical option and exit strategy available.
I think the exit strategy changed how I approached the end of the concept. I know that the exit strategy is the only available option since the beginning of this venture and has influenced the entire venture since that has been known. It allowed me to realize that the resources will come from the University and thus allowed me to better understand my options.
Hey Anthony,
ReplyDeleteI always love to hear people's exit strategies as some do not see their ventures as part of their long term futures but some intend to pass it down to their children. It is interesting though that your exit strategy is different from a typical one given that you cannot sell or move it on to someone else.
I think this is kind of the only option as well. You can't sell your venture or pass it down, but perhaps you could stay heavily involved with the team until you retire? If not, I like that you say your next move would be to pursue another venture such as creating another team here, it shows how passionate you are about sports and how driven you are as an entrepreneur.
ReplyDeleteHey Anthony,
ReplyDeleteI also agree that there aren't many exit options compared to other ventures. I feel like this heavily influenced the way you made your decisions during the venture. It's nice to know that you would already have a good source of capital from the University because most start-ups wouldn't be able to have that type of financial flexibility.