My Exit Strategy

1. I plan to stay with my business for several decades because I think technology will keep advancing and continue to get bigger and bigger. As technology advances, so will my app. I think my app will be more successful as time goes on. When my app reaches it’s peak and is no longer popular, I will sell the app. I plan to put all the money I earn from this venture to my retirement fund. I don’t see myself protecting this venture as a family business. If and when the time comes if my children are interested in the business, of course it will be passed down to them. 

2. I have selected this exit strategy because I believe my app will continue to grow as time goes on. I am passionate about this product and I’m excited to see what’s in store. 

3. Since I plan to stay with my venture concept for a long time, I have been focusing on ways my product can grow. If I add more features to my app/expand the app my customers will be able to enjoy my product and I can acquire new customers in the process.