Friday, July 31, 2020

28A – Your Exit Strategy

My exit strategy is simple. i have always said the goal is to land a big streaming network to work with us and create an original show with no censoring. The ultimate goal was to find someone who can see the picture let us operate the production for the first few years and build up some worth with good ratings. Then they know what the audience and people love and we as a company would feel more than comfortable to sell the rights to our name, not only broadcasting rights. This is something that can let me take on new possibilities in different areas of the sport industry and allow the show to live on and provide the entertainment to the fans I initially sought out to do. I would then take the money from that and look into getting involved with a new rapidly growing area in sports and that is esports. I have many ideas specifically to invest in the untapped youth area of esports, then I would build that up and probably keep that as a family venture and pass down that torch for generations, seeing as that youth esports is only going to grow since it has barely been created yet. I chose this particular strategy because this program idea wasn't my vision for my entire career just an opportunity that was too good to pass up on, an opportunity to create wealth for myself and my family. I don't think my exit strategy influenced the way I handled my business. Although, I had this in mind to be the way I went out with this, I always focused more on the goal of the idea and not how I will leave the process/industry of sports media. I always had the proper intentions for the program and content I was creating to make a name for my company and providing entertainment for fellow sports fans. 

1 comment:

  1. That is a really solid exit strategy, Nick! I think it is a great idea to sell your show once it reaches the right point because it will provide you with the all the capital you could need for any future endeavors you would like to pursue. Esports is a fantastic market to get into right now because it is growing exponentially in today's society. More and more kids are turning to video games as entertainment during these difficult times in quarantine which I think will positively influence the industry for years to come.

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