28
My exit strategy is one that I don’t see happening for quite
some time. I plan on building this business up for the foreseeable future. This
business I don’t believe has the ability to go public, however, I am sure that
it can definitely expand past just the UF campus. This exit strategy if I had
to assume, would come later down the road. I would continue to run this company
and invite top and higher executives if I was able to expand the business. I
would bring in more experienced and well-developed professionals to aid me in
growing the business, however, I wouldn’t give away too much power as seen with
Apple and Steve Jobs. I would then sell the business, most likely to a private
equity firm, when I felt that I had expanded it enough and want to go on to
other ventures.
The reason
that I feel that I would stay on working for the company is because I see that
this model could be successful past just the UF campus. This model of students
cleaning one another’s rooms is something that could easily be mimicked at other
college campuses across the country. I think because I can so easily see this
expansion taking place, it really prompts me to want to continue to live out
what this company can expand to.
This has
influenced my idea of the opportunity because one of my earlier posts about how
else this company can apply was stated as it being very applicable at other
college campuses. Ever since I realized that idea during this past assignment,
it changed my idea of what an exit strategy could look like.
Hello,
ReplyDeleteA student cleaning another student's room is a good idea and can be advertised as "work your own hours." It is important to have all student receive background checks and to have them sign a noncompete agreement so that way they won't steal your clients or start their own business. I could see problems with this down the line of letting students into other students dorms so it is important to be selective on who can be a cleaner.
I think that you have a good exit strategy which is appropriate for your business. I definitely agree that it is something which can be expanded to universities (and possibly other areas like apartment/housing complexes) and become a popular and well known service. I hope you succeed with your goals and are able to turn this into a successful business.
ReplyDelete