Most new businesses are failures An existing business is already profitable.
So, you want to be your own boss? Basically, you have three options: one find a Job get promoted; two, start your own company; or three, buy an existing business. Perhaps you think buying companies is only for millionaires? Well let's look at some of the advantages of buying an established business and the disadvantages of the other options.
Your safest option is to start as an employee in a big firm. The only investment is your own time and work. But it can take many years to get to the top. If you really have entrepreneurial spirit, working for someone else can be an extremely frustrating experience.
And what about starting your own business? Being the next Richard Branson or Cher Wang is a nice idea but, in reality, most new businesses are failures. don't survive the first three years. That figure rises to 7o% after five years. Even a well known franchise offers no guarantee of success.
On the other hand, an existing business has many advantages. First of all, it is already profitable. It already has a customer base, regular cash flow, equipment, employees, a list of suppliers, and established business processes. In start-up you have to build a of those from nothing. If you choose carefully, an established business has every chance of continuing to be profitable.
As far as price is concerned, it's a question of negotiation. The calculation is a little complex, but the starting price often equals three to five years' profits depending on the type and size of business. The better your negotiating skills, the better the deal.
Most new businesses are failures An existing business is already profitable.So, you want to be your own boss? Basically, you have three options: one find a Job get promoted; two, start your own company; or three, buy an existing business. Perhaps you think buying companies is only for millionaires? Well let's look at some of the advantages of buying an established business and the disadvantages of the other options. Your safest option is to start as an employee in a big firm. The only investment is your own time and work. But it can take many years to get to the top. If you really have entrepreneurial spirit, working for someone else can be an extremely frustrating experience.And what about starting your own business? Being the next Richard Branson or Cher Wang is a nice idea but, in reality, most new businesses are failures. don't survive the first three years. That figure rises to 7o% after five years. Even a well known franchise offers no guarantee of success.On the other hand, an existing business has many advantages. First of all, it is already profitable. It already has a customer base, regular cash flow, equipment, employees, a list of suppliers, and established business processes. In start-up you have to build a of those from nothing. If you choose carefully, an established business has every chance of continuing to be profitable. เป็นที่กังวลราคา มันเป็นคำถามของการเจรจา การคำนวณมีความซับซ้อนเล็กน้อย แต่ราคาเริ่มต้นเท่ากับกำไรสามถึงห้าปีขึ้นอยู่กับชนิดและขนาดของธุรกิจมักจะ ดีกว่าทักษะการเจรจาต่อรอง การจัดการที่ดี
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