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Selling a business can be thrilling and frightening. For most business owners, this is a one-time event. And, it will likely be critical in terms of retirement.
Unfortunately, it's not uncommon to make some big blunders, which usually cannot be undone.
So, what are some things to consider? Let's take a look.
Continue reading Entrepreneur's Journal: So, you want to sell your business
A franchise can be a great way to start your entry into self-employment -- and strong income. Yet, there are still risks -- such as with site locations and hiring employees -- and lots of upfront costs.
But there is another approach; that is, purchasing an existing franchise (which is known as a "resale"). What are some things to consider? Well, let's take a look:
Track Record: With some due diligence, you can determine whether a franchise is successful or not. Besides getting the financials, you can talk to customers as well as vendors.
Continue reading Entrepreneur's Journal: Jumpstarting things by purchasing an existing franchise
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