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Is It A Good Idea To Sell Your Successful Business?
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[QUOTE="Jasz, post: 214292, member: 61772"] The question is: if you have a business that's doing well, is it a good idea to sell it? The answer is generally, no. It's much better to build a successful business on your own and then sell it. The reason for this is that when you sell it, you give up the profits of the future. You'll often receive money now, but the value of that money will go down as time goes on. The alternative is to build your business until it's worth way more than you could get by selling it today. At that point, you can sell your business and receive enough money to live on for the rest of your life. A lot of entrepreneurs are doing this right now because they don't know how to build a successful business. If they had received advice like this when they were starting out, they wouldn't be in this situation. Nonetheless, It is very difficult to sell a company you have built up over the years. The key to selling a business you have worked hard to build up is to be prepared. This means knowing your own business and being able to articulate why it is a good investment. It also means being professional in all your dealings with potential buyers. If you have successfully created and run a company, then you are capable of doing this, even if it feels daunting at first. If you are interested in selling your company, ensure you know the what you are doing. [/QUOTE]
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