Exit Strategy

Exit Strategy

1)    Because my business will be able to run itself and I will most likely be able to be run on my spare time I plan on holding onto the business as long as it is profitable. My end goal would be that the money I get from this business I am able to pay off the mortgage to the property without having to put any of my personal finances in. If everything goes well I will eventually look to sell off the property of the garage lot when the real estate market is hot.

2)    Because my business is going to be much different from traditional a traditional business I plan on holding it for a while. The main reason is that it won’t be time consuming and it’s a way to have extra money coming in each year.

3)    I believe I came into this project with the mentality that I wanted a business that could be self-managed and have minimal costs. I know exactly how big the business can grow and the risks involved. 

Final Reflection

            Overall I have enjoyed this course and feel that taking it my senior year was a great fit. After looking through my old posts I’ve come to realize that this class was not what I expected it to be. I would have never thought that an entrepreneurship class would involve starting a blog and writing posts every week. Nonetheless this was the best way for this class to be done and the experience was great. One of my favorite assignments in this class was the reading reflections especially the second one. If it was not for this class I probably would have never read Scott Adams book “How to Fail at Almost Everything and Still Win Big”. This book was amazing and was an inspiration for me. The book taught me valuable lessons on failure and to never give up chasing your dreams in business or personal. I feel that I have gained insight on what it’s like to be an entrepreneur and will have the tools and class experience to help guide me when my time actually comes. I wouldn’t classify myself as an entrepreneur or anywhere close to that. I feel that in order to be an entrepreneur you need to actually get your hands dirty and just do it.  When it comes to the next students to take this course I think its most important that they grasp the idea of busy work needs to get done early. The best way to go about this class is to start on Monday and do a little bit each day. When you wait last minute for assignments life becomes stressful, and that’s something we can all avoid. All in all I really enjoyed reading my groups posts and have a great winter break!