NOTE: As this would look bad to an investor, I am choosing to write about a 'side-hustle' and how I plan to exit that rather than planning to exit ClassroomSync. A side hustle that I have worked on on and off over the last five years is a small company that gathers certified drone pilots and brands them under one logo and brand. Exit Strategy This 'company' was my first true en devour into entrepreneurship and when starting the company I had never really considered exiting the company. However, since this company was based out of my hometown, I had left a friend in charge of the company. However, if this company was my main hustle, I would've issued shares of the company and searched for a buyer that would want to buy the shares (and in turn control) of the company Why This Strategy? I feel that this strategy for this case would be the cleanest and be the easiest to preform. In this case, I wouldn't need to sell 100% of the company, if I had wanted ...
Collin,
ReplyDeleteYou have clearly put a lot of thought into who can provide intellectual assets to your company. I like that you have already made the effort to establish these connections like going to the convention you attended. I was a little confused about your market expert as Ethan must appeal to college students, whereas it's my understanding of your model that you must appeal to the teaching organizations themselves, not the students. I could have easily misunderstood, however. Nice post.
Collin,
ReplyDeleteGreat post! Your opportunity is really so I am happy I got to read the individuals you placed in the different categories! You made great choices in your category placement as each individual has a specific talent that they can bring to the table. They also have the resources to take your opportunity to the next step to help market.
Hi Collin,
ReplyDeleteI enjoyed reading your work. I must say, you have an impressive networks of people. I checked out the website, Scholly, who you said your friend, James, owns the business. The business he runs is very interesting and helpful for students like me, so I'm going to use the service and see how it is. Other than that, I believe you may have forgotten to put the reflection at the end. Keep up the good work! I look forward to see how this journey of yours will go!