Exit Strategy
1. My exit will be a mix between staying with the company and also selling it for a large return. I believe in music, and more specifically hip-hop, you have a finite window of time where you are young enough to relate to the youth. The art of hip hop has always been driven by the youth. When this time burns out you should either hand the baton to a younger mentee or position yourself as an older statesmen of the game. I think I want to create a hip hop label and I will most likely pass the baton to a younger counterpart when my time has come to a close. As far as the future of the label I would most likely sell the company and reap the benefits of a large sum. Then I would retire somewhere far away and live out the rest of my days in normalcy. I think its influencing my business model right now by making it more oriented around all genres of music. I am also trying to set up a network of artists that are willing to work with me to become better themselves.
Hey James, yeah I think you're right about your exit strategy. Younger generations always carry the torch when it comes to music. It would be hard to start something big and have to give it away. But, at the end, you get the large sum of money. Everything is finite, so sometimes it calls for a change. I enjoyed reading the assignment and good job.
ReplyDeleteHey what’s up James! Really great exit strategy.! Sounds like you want to raise up younger artist like yourself, but at the same time still profit from the business, while handing it over. Overall, I’m excited to see what comes from this opportunity moving forward. If given the opportunity, I would love to see you perform at one of the University of Florida major events. Maybe even the homecoming festival! LOL.
ReplyDelete