Your Exit Strategy

Since my product idea is not an average entrepreneurship idea, my exit strategy would look a little different from the norm. I would oversee SNAPX for about 5-6 to make sure everything is running smoothly. I would then either hand it off completely to UF or pass it down to the next person in command under me to oversee it. If I had the option to sell it to a private company then I would, but since it is a program specifically for UF students, it would make more sense to just hand it over to UF. I chose this exit strategy because it makes the most sense logically. I doubt any private companies would want to buy it because it would serve no purpose for them since SNAPX is a free service. Also, if I did sell it to a private company, they may start trying to charge UF students for rides, which is not the reason SNAPX was created.

I do not think the exit strategy has had any influence on any of my decisions. I mostly think that because the exit strategy is something to look forward to in the future. The way I decide to exit a venture should not affect anything about the ventures because exiting is something that shouldn't be worried about until the future. I think it is good to plan for your exit strategy so that you know all of your options, but I do not think that should affect your initial idea, because it may affect is in a negative way. People may downsize their initial idea in order to have an easier exit strategy. In my opinion, this is not the true depiction of risk-taking and entrepreneurship.