Thursday, November 29, 2018

28 - Your Exit Strategy

1) My exit strategy would likely to be the sell the SBU MetalliStraw within the next few years as the value increased.

2) I selected this strategy because while the straw is our product, our mission is to create a more sustainable and environmentally friendly culture around the planet. Once MetalliStraw has become widespread, it is more more in line with our goals to sell it and reinvest the selling profit into other products or means of sustainability. MetalliStraw is simply a start point, and down the road another company is welcome to continue the product's success.

3) This has influenced many decisions along the life-cycle of the product. At the end of the day, I want to help save the planet and its inhabitants. Our mission was never to simply sell a straw, but to change the culture of the world and put a greater focus on preserving the environment for us, wildlife, and generations to come. While we do target specific segments for early adoption, the goal is to make MetalliStraw and future sustainable activities the standard around the globe.

3 comments:

  1. Hey Steven,
    Your exit strategy is very similar to mine as well. I decided that I would sell my business venture to my highest bidder so that I can continue to create new business ventures that would be more successful. I think your reasoning for selling the business is very reasonable and smart. I think its great that your company mission has alway been on your mind for every decision you have made.

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  2. Hi Steven,
    I think it's so great that you would plan to put the profits from this company back into another company or other efforts to push for sustainability efforts. It shows just how much you care for the environment and how badly you want to teach others to do the same.

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  3. Hi Steven,
    I think the reason behind your decision was well thought out and effective. When I decided I would also sell my company it was because I wasp'r passionate about head gear, but its clear that you are. It is also clear that you want to make a large impact on the environment and I think Metallistraw will be a great starting point for you.

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