Your Exit Strategy

1. Because of the fact that I am providing an initiative, I think it's very difficult to develop an exit strategy. Generally, I see an exit strategy if you are developing a product versus an initiative or a service. I do not intend to sell the business concept after five years because it will be part of the state government laws and proposals. When building an initiative I don't think that I will keep the legacy of the concept in the family for several decades but it will definitely go down in history as a reform to the current college/university system in the United States. Personally, as a future legislator who wants to reform a bunch Of state and national policies and laws, it is not possible to pass that down to your family unless they want to pursue a career in politics as well and in that case, you can provide guidance and awareness. 

2. My exit strategy would have to be if I decide to retire or do not work for the government any more in building reform. That would be my only option compared to that of the CEO of a company who could step down from the position and pass the Position to someone else either in their family or in their immediate circle. I think for an initiative that is extremely difficult and I don't think it is even possible. This exit strategy would be my only choice and that's sad to hear but if that's what is possible then that is what I have to do. 

3. Generally, I don't think this exit strategy has influenced any of the other factors in my business concept. I just think that it has definitely limited its ability to be substituted by another option. Using the concept that Professor Pryor taught us about the VRIN analysis, it really helps with any kind of business concept no matter though if it may be a product, service, or/and idea. I mentioned in a previous post but I plan to start in the county and maybe expand statewide and if it goes further we can even go nationwide in this concept of receiving a college degree can provide a lot of opportunity to many to pursue their dreams. The mission of this initiative is to reduce the amount of student loan debt in this country first in foremost.