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How to market your business safely
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[QUOTE="Moni2402, post: 81822, member: 27691"] [B]If you have questions about how to market your business safely; I will be giving you some steps to follow: 1.[/B] Always keep in mind the resale value of your business When you are starting out, the idea of selling is rarely in your head, especially if you are concerned about growing your team, improving your productivity and even going out of business month by month. However, you should always keep your eyes on the prize, and usually the ultimate prize is to sell your business at great value. So always think about how you could achieve it, even from the moment you start building it. This will ensure you are on the right track and ensure that your business processes are always well instituted. [B] 2. [/B]Train your employees to work well, with or without you; It can be tempting to go too far, or try to do it all on your own, especially in the early stages of growing your business, but it's critical that you find dedicated and qualified people as soon as possible. Trusted employees are needed at all times - they can execute tasks, solve problems, and relieve some of the stress of the overall workload. However, they are also important to improve the value of your business. [B]3.[/B] Learn to recognize when you can already sell. Once you decide that selling is a possibility, you need to figure out when is the right time to do it. For example, what indicators should you watch in the market? Do you need to have a certain amount of profit? Will there be a specific sign indicating the direction of the sale? [B]4.[/B] Learn to negotiate effectively. The ability to negotiate well is critical to business, but it's even more important during the tough conversations you'll have to sell your business. You will have to talk to agents, entrepreneurs, and other potential buyers, and all these discussions can get complicated. [/QUOTE]
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