Exit Strategy


1) It's interesting to consider the concept of an exit strategy. I developed the idea of an inclusive business incubator for the sole purpose of this course. I set aside passion and interests because those factors don't always make for the best business plan. So, with that said, if I were to open a business incubator in my area, I would have no intention of working there for several decades. I would work there for a few years, oversee each aspect of operations, and set a solid foundation for the future success of the incubator.
2) The types of businesses I would open in real-life are ones that don't really fall under the entrepreneurship model set in place into this class (meaning identifying an opportunity to fulfill a need). In real life, I would open a restaurant or brewery. In the beginning, I tried to use that business idea but felt it just didn't apply to many of the assignments because it's already been done many times before. I felt like I needed to try something else. I selected this exit strategy because after helping the incubator become successful I would like to fund the start-up of a different business.
3) I think my exit strategy influenced the other decisions I've made in my concept because I knew that I wasn't going to run this business for the rest of my life. In a sense, I think I might have made better decisions and developed a fuller concept for the incubator. If I were to open the incubator, I would try to package it to sell to either a local university or the county. I think either of those entities would benefit from being able to provide services to either students or the residents of the county.  

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