Assignment 28A - Your Exit Strategy

1. Identify the exit strategy you plan to make. Do you intend to sell your business in the next 5 years for a large return? Do you intend to stay with the business for several decades and retire? Do you intend to protect the venture as a family business, and pass it down to your children?
• My ultimate plan with Flexilease is to get it up and running with a decent profit margin. Depending on the difficulty as well as the extent to which students and their parents rate the service, I would like to expand to other college towns; this is because my ultimate goal was to make the housing process easier for students. After that, I ultimately hope to be selling it. The return does not matter to me. 
2. Why have you selected this particular exit strategy? 
• The entire reason for this venture is to make student lives’ easier; it was not for personal gain. Therefore, I would stay with the venture if I felt like I was continually making an impact. When the impact isn’t there anymore, I would want someone to take over and just maintain what I have created. 
3. How do you think your exit strategy has influenced the other decisions you've made in your concept? For instance, has it influenced how you have identified an opportunity? Has it influenced your growth intentions or how you plan to acquire and use resources? 
• I think my exit strategy has strongly influenced the pricing aspect of my decision. I want to make my service profitable for off-campus housing communities and UF so that I can hand off the service to them; this caused me to not think of what kind of return I would want for myself. Furthermore, the reason for my exit strategy is dependent upon the reason I identified the opportunity in the first place. For instance, once I make housing easier for everyone (considering the hassles I faced myself), I intend on bowing out. As for resources, it is hard to say whether my exit strategy influenced them because my venture is a service not a product. Therefore, the most valuable resources remain the two parties that are left in the venture after I leave.