Your 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 intend to sell my business to a company like GE. However, I do not want to sell full ownership, I would still like to stay on. 

2. Why have you selected this particular exit strategy?

I chose this particular exit strategy because a company like GE already makes microwaves and has a foot in the water in that market and can just attach the revers microwave feature to their products. I would still like royalties on each one.

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?

This has been my game plan from the planning stages of the product until now. Therefore, every decision I have made has been influenced by the exit strategy. It has made me figure out the correct size I need to grow to in order to sell it to a company like GE. It has really influenced every step of the process.