In any event, more and more people are looking to themselves for the answer to future employment. As a result, business sales are increasing nationwide. There is an emergence of a new breed of entrepreneur -- the "modified risk taker." The dictionary defines "Entrepreneur" as, "a person who organizes, operates and assumes the risk for a business venture." This definition implies that the "classic entrepreneur" starts a business from scratch. Starting a business from scratch is a risky venture. Consider that nearly two thirds fail during their first three years of operation. The "modified risk taker" coming out of corporate America typically buys an existing business or franchise to bypass most of the start-up risk.
In order to limit risk, all would-be entrepreneurs should examine their strengths and weaknesses. See if you are even qualified to consider business ownership, because not everyone is cut out to be an entrepreneur. The following questions from the American Small Business Institute can help you see if you possess some of the more vital entrepreneurial traits:
Buying a business? - 25 Questions to ask yourself -
Posted by Richard Ludlow on Tue, Jan 25, 2011 @11:16 AMTopics: Selling your business, business brokers
Selling Your Business with Real Estate - 3 pointers
Posted by Richard Ludlow on Fri, Jan 14, 2011 @08:54 AM
Topics: selling business action plan, business valuations, business brokers
Preparing yourself before the purchase of a company is as integral to your success as customers are when running it. As the saying goes “failing to plan is planning to fail”.
Topics: business brokers