Business

Business Tips & Info


Why is Business for Sale?

Each year many small businesses are bought and sold. A lot of key issues must be considered before you complete the final purchase.

Owners sell their business for a variety of reasons:

  • The owners wants to retire.
  • Too much capital is required to modernize or expand the business.
  • The owner is frustrated.
  • The owner is moving on to a new and more challenging business enterprise.
  • The business is growing to fast for the owner to handle alone.
  • The owner has lost the lease at the business present location.
  • New government regulations require modification to the business (for example, pollution control devices or zoning restrictions).
  • The owner, a member of the owner's family, or a key employee is not well.
  • Competition is increasing and causing the business' sales to fall.
  • The surrounding population is changing, and newer businesses are more able to adopt to the changing consumer tastes.


Remember, before you invest - investigate! Keep in mind that the old-fashioned ways of making decisions – depending on intuition, common sense, and specialized expertise–are simply no longer sufficient.


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If you want run successful business you should have real financial picture of a business. Accurate, up-to date records are very important for every aspects of your business. It's certainly not fun, but without accurate records, you simply cannot run a successful business. It is much easier to deal with various tax departments of government or with your banker if your records are complete and comprehensible. Learn more...



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Did You Know?

Marketing a new product or service is very challenging, because billions of dollars are spent regularly developing and launching new products and services all over the world.

Market failure is the most common reason for a product or service to fail. The other common failures are: financial failure (when product or service doesn't make any or enough money, cost of production and implementation of the service have not been sufficiently thought out in the specification stage, waste of time, etc.); organizational failure (poor management, miscommunication, lost productivity, failure to innovate, poor or bad collaboration, etc.) technical failure (when it doesn't work properly, wrong concept, poor implementation etc.) and political failure (when the source of failure is action by the government). Find out more...