Exit Strategy

1) Identify the exit strategy you plan to make. Do you intend to sell your business in the next 5 years for a large return? Do you intend to stay with the business for several decades and retire? Do you intend to protect the venture as a family business, and pass it down to your children?
     I plan on passing this business on to a strong member of the UF community so that Gator Garb will continue to exist as a "by Gators for Gators" sort of shebang. It would be wonderful to leave behind an artifact that would stay on UF campus for as long as it is needed and could survive. 
2) Why have you selected this particular exit strategy?
     I have no interest in remaining in the Gainesville area longer than necessary nor do I have interest in running a business in an industry as volatile as fashion. 
3) How do you think your exit strategy has influenced the other decisions you've made in your concept? For instance, has it influenced how you have identified an opportunity? Has it influenced your growth intentions or how you plan to acquire and use resources?
     It has not. My exit strategy has remained the same since the conception of this business. It has not influenced the opportunities or innovations I have chosen, but it has influenced the structure of my business. I want to have a cooperative business in which every entity can remain for some time and leave without causing a hemorrhage in the overall structure of this company.

Comments

  1. Hey Maeghan,
    It is good to see that you recognize you do not want to stay in Gainesville but want to leave the University with a resource that will help the community. Letting the next generation of Gator students take over this a local business that has the potential to remain small and local but constantly feel alive and vibrant.

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