28A – Your Exit Strategy

1) Identify the exit strategy you plan to make. 

• I think the exit strategy I would plan to make would be to protect the venture as a family business and pass it down the family lineage.

2) Why have you selected this particular exit strategy?

• I have chosen this strategy because I want to see the original purpose and values of the venture remain. With a concept that makes such a large impact on the environment, I feel like if it is sold, or given to someone who wouldn't share the same values, the whole concept of making biodegradable eco-friendly single-use products could be overthrown, or changed into something that strays from the intended purpose. To put so much into this concept to ensure it is safe for the environment, I feel it would be foolish to give that up. No amount of money should be justifiable for the damage plastic has caused, and to try and reverse that is such a large challenge that if someone were to take over and not share the same values, they could be backtracking the progress.

3) How do you think your exit strategy has influenced the other decisions you've made in your concept?

• I think my exit strategy has influenced my growth intentions in the sense that I want to see the company replace all single-use plastic products rather than just 2, and by keeping it as a family business, it can be trusted that the single-use replacement concepts keep growing for environmental reasons, and not corporate, money-based reasons.