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Showing posts from August, 2021

Research Is Critical to Business Success

Many people, when they first start a business, believe that 'if they build it, they will come.' While that may have worked in the movies, however, in business, just opening your business does not guarantee that it will be a success. Even if you have a brilliant business idea, offer top quality service, and exceptional products, your business can often fail, through no fault of your own. The key to avoiding that lies in doing market research long before you ever open for business, and to keep doing it as your business grows. Every business has a target market. This could be very general, such as a particular geographical area, or more specific, based on age, interests, gender, or other factors. Market research allows a business owner, or potential business owner, to figure out whether their target market will be able to sustain their business, and this is done in several ways, all of which are aimed at giving you a better idea of how your sales are likely to look once your do

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Deciding the Perfect Time

As a business owner, your business is your baby. It might not only be your source of income, but also your identity and your life. The thought of selling your baby is hard to consider especially now and so you wait. Many business owners will delay the thought of when to sell until it is far too late; leaving them frustrated and felling regret that they didn't sell when they could have. Often business owners think that a family member or key employee will take over the business. Sadly we are seeing that many family members do not want the business and the business owners is left considering a plan b. So, even if you have a family member or key employee that will be buying the business, you still have to decide when you will make the transfer. Often since no formal planning or decision has been made, the decision defaults to when the business owner just does not want to work the business any more. And although this might seem like a logical time, it does guarantee greatest value f

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Why Should

You've come to the decision that buying a business or selling your business is the path that you want to take. The best piece of advice, although biased, I can offer is to retain the services of a business broker or business transfer adviser. Although business brokers usually work on behalf of the seller, there are sell-side business brokers and buy-side advisers. Even if you're a buyer and you decide not to retain the services of a business broker or transfer adviser, you'll receive the benefits because a business broker is working with the seller. The broker is sort of like a clamp that holds things together as the business buyer and seller progress through the business transaction. Below I'm going to explain to you how both business seller and business buyer can and will benefit from the services of a business broker: ezmovie ezmovie ezmovie ezmovie ezmovie ezmovie ezmovie ezmovie ezmovie ezmovie ezmovie ezmovie ezmovie ezmovie ezmovie ezmovie ezmov