28A – Your Exit Strategy

1)     I intend to have my business generate as much income as it can. After my product reaches its maturity stage, I am going to start thinking about options of exit strategy. My two options during decline stage would be deletion or harvesting. If I had loyal customers with regular orders, I would harvest the product and work on my next venture. On the other hand, if the orders had been halted completely, I would delete the product and focus solemnly on my next venture.

2)     I have selected this exist strategy because, as mentioned on the “what’s next” assignment, I want to work on more products through my company.

3)     My exit strategy just means that I know my product will have an eventual end, come fast or slow, but I want it to generate as much revenue as possible before that happens. It is also a trial for my next step as an entrepreneur and I want to see the success rate it may have. The exit strategy has definitely influenced the growth of my company and my acquisition and establishment of resources.


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