28A

1.) Identify the exit strategy you plan to make. Do you intend to sell your business in the next 5 years for a large return? Do you intend to stay with the business for several decades and retire? Do you intend to protect the venture as a family business, and pass it down to your children?

-      I intend to keep Hydro Market for approximately a decade. I would love for the business to be a well-established facility that can generate a profit before moving on to the next phase. After I have successfully run the business for this period of time I would sell the store front property to an individual who has the same passion of sustainable clean farming. Then, I would really love to begin selling the technology and business concept that Hydro Market was founded on to other companies. This would allow Hydro Markets to have a much further reach and a much greater impact on the environmental conservation efforts I had originally set out to accomplish while also generating revenue for the Hydro Market brand. Keeping this business in the family would be ideal but I would never force my children to take on this endeavor so it would ultimately be up to them and what their aspirations for the future were. 

2) Why have you selected this particular exit strategy?

-      I have selected to not exit the business per say but to focus more on selling the technology and business concept because my ultimate goal in creating Hydro Market was to have a positive impact on the environment on a large scale. To truly accomplish this, I must be willing to sell my knowledge to other companies so that they can create their own version of these self-sufficient hydro farming stores.  

3) How do you think your exit strategy has influenced the other decisions you've made in your concept? For instance, has it influenced how you have identified an opportunity? Has it influenced your growth intentions or how you plan to acquire and use resources?

-      This exit strategy has influenced many decisions pertaining to Hydro Market. It has forced me to focus on quality over quantity. I want one really high functioning Hydro Market to be running not a chain of subpar markets. This gives me the opportunity to focus on the technology and business model so that I can sell this knowledge to other businesses in the future. It also ensures that this concept will have a much grander reach and impact on the environment.