28A: Your Exit Strategy
Exit Strategy:
I mentioned this is a few blog posts back, but I plan to exit my "opportunity" overall and not even pursue it. My idea of bringing BikeShare to Gainesville, inspired by the bikeshare systems at arizona state university was a great idea, but it has already been placed on campus. About a month back, I was walking to The Nine, and noticed that a BikeShare station had been placed in front of the CVS on 13th Street. I still continued to discuss and evaluate my venture for each blog post, but knew this was no longer my opportunity to exploit.
I didn't necessarily select this particular exit strategy, it was honestly my only option in my opinion. I'm sure whoever "planted" those bikeshare stations there has already gone through the process of being approved by the city as well as the university, a process that if I had to go through, would take a very long time.
I think my exit strategy overall determines my concept. My concept, as for me, is entirely over with. I do see the concept of bikeshare becoming extremely successful at UF, and whoever was smart enough to bring it to the university is very lucky.
I mentioned this is a few blog posts back, but I plan to exit my "opportunity" overall and not even pursue it. My idea of bringing BikeShare to Gainesville, inspired by the bikeshare systems at arizona state university was a great idea, but it has already been placed on campus. About a month back, I was walking to The Nine, and noticed that a BikeShare station had been placed in front of the CVS on 13th Street. I still continued to discuss and evaluate my venture for each blog post, but knew this was no longer my opportunity to exploit.
I didn't necessarily select this particular exit strategy, it was honestly my only option in my opinion. I'm sure whoever "planted" those bikeshare stations there has already gone through the process of being approved by the city as well as the university, a process that if I had to go through, would take a very long time.
I think my exit strategy overall determines my concept. My concept, as for me, is entirely over with. I do see the concept of bikeshare becoming extremely successful at UF, and whoever was smart enough to bring it to the university is very lucky.
Hello once again Kasey! I see your point on how you don't really have an option on an exit strategy because this idea has already been placed on campus. However, I have to admit that I believe that if you pursue this opportunity, you would come up with very good improvements and finally be successful on campus because you have put so much effort on this since the beginning of the semester.
ReplyDeleteHi again Kasey! I hope you are doing well. I liked reading about your company's strategy, and what you thought about as your exit opportunity (which is none). With a business like yours, the only exit opportunities are to sell to a competitor, or to dissolve the industry. I think that your idea is great and if you pursue it you would succeed! Good work!
ReplyDeleteHey Kasey, I understand your exit strategy because it is not really your passion as you mentioned in a post a while ago. I believe one must be passionate about his or her idea which would make the process of such to become a lot easier. That being said, I believe that you still could've exploit your idea since the already existing business is not all over campus.
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