While I plan to run and manage my venture for quite some time, I do understand that it is best to have an exit strategy in place. Common exit plans include selling the business, mergers and acquisitions, and taking the company public. As I exit the business I have a few exit strategies that I could use. One option would be to go through an initial public offering or and IPO as it is commonly referred to. If I don’t go with this option I would more than likely just sell the company outright. While this is a common option I feel like it would be the best for me, I considered handing the responsibility to a family member however I do not think that is very realistic for me.