28A – Your Exit Strategy

I intend to sell my business in the next five years for a large return. Then probably move on to another idea. The idea and concept were my own and I started this opportunity, but I feel as though it isn’t a long-term opportunity for decades to come. I honestly do think it influences my decisions on this product other than identifying the problem because I feel the opportunity was a simple problem that I found and thought it could be resolved with the technology we have today. The growth intentions were altered a little when thinking of selling this company after only a couple of years because you do not have to fully develop an opportunity into a company to sell it and make money off it. You can sell the rights and get royalty off your idea if it patented. It effects how I plan to acquire and use resources because of the risk of not selling the idea and opportunity so I should not put a lot of money into physical resources but to make it work and proof of concept be enough.