28A-Your Exit Strategy

As sad as it is to think about what I would do with this company that I have created over the last semester, it is good to think about what the long term goals would be and how it would come to an end. Hopefully it would be successful enough here at UF that we would be able to expand Study Buddy's to other campuses across the nation. With this increase and growth and potential to be a successful app used around the country, it is a great opportunity however, I would see myself selling the business if it got to this level and hopefully it would be for a large return. I would do this because I don't think I would be able to manage a large company that expands that fast and I don't know how to scale a product like that if it took off and was used around the nation. I feel as though other companies would be able to manage this more and make it more user friendly to a larger base of people. I think this strategy has made me think about how far I'm going to grow up until a certain point. I would use the resources that I have available, whether it be social or physical or monetary in Gainesville to scale my project and make sure it will be as successful in the Gainesville market. Then once I am able to master this market, then I believe we would be able to move onto different markets then once it reaches a certain point to where I don' t think I could manage it any better with the resources I have, then I would sell it at that point, but I don't think it would influence any of my factors in the early parts of the venture.