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My Exit Strategy

My exit strategy for my app FitTrend, is to sell it for a large return in hopefully stock, (not a majority but a decent amount of shares), and some cash. This is because although I do think I have a chance that it could be successful, it would be more valuable and successful for a larger company that has the ability to run it properly. Whether it be a company such as LA Fitness or a tech company like Google, they would be better equipped to hire the personnel and grow the company than my limited knowledge of the subject, which requires me to outsource almost every aspect of the company. For this reason, I would sell for a large return with stock so I can get money for the future from FitTrend, as well as immediate money if I want to jumpstart a project that I’m more passionate about and more ready to handle myself. It hasn’t necessarily influenced me yet, as this is really the first time I’ve given it a lot of thought, but it definitely would factor into some of the decisions. I would
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Final Reflection

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I think my most formative experience was the venture capital assignment. That’s really the first time that I had to completely look my business all the way up and down and identify the opportunity, how I’m going to meet that need, and why people would do that. When you think about starting a business people often first think to raising money or something similar, yet no one really thinks about how you’re going to first identify the need and the opportunity that you must meet. It completely changed the way that I perceived starting a business and it definitely taught me a lot. I also learned a lot from the elevator pitches as they taught me how to speak well in front of others but also was a lot of fun to see how that process worked. I really do believe that I’ve developed more of an entrepreneurial mindset, as the way I perceive things and opportunities really has changed. I wouldn’t call myself a complete entrepreneur because I haven’t started my own business, but I’ve definitely made
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