Exit Strategy

1. My exit strategy will be dependent on the success of the business. Assuming the business will survive the next 5 years I would expect to have a lot of technological changes because it is a technology-based company and technology has been changing at an unprecedented rate. If the business is as successful as I have imagined it to be than I would make it my priority and stay with it until I can no longer work. If I had to leave the company, I would pass it on to whoever can handle it whether it be my cousin or a long-term employee. Once I stop working, it doesn’t really seem like it will have much impact on my life other than my memories.

2. I have selected this strategy because I am a committed person. I have already worked for my current company for over 5 years and have been happy with the work I do and progression I have made. I made this business idea with the help of my cousin and if I had to leave, it would be right to me to leave it to him if the circumstances were right.

3. This has influenced my previous structure of positions because we would both be the authoritative figures in the company. I listened to his ideas when I conceptualized the business model we have. He has experience working in software development firms and I know that this is going to only help us to make ours better. He also explained the roles that the company would require which ultimately led me to the idea that this business idea would be started with us before we acquire any additional help. It helped me to understand the simplicity that we would have when we first launch and the complexity that it could grow into in the future.