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Entrepreneur.com Daily Dose

October 20th, 2009 by admin No CommentsNo Comments

Some entrepreneurs are workaholics. They envision themselves working to build their businesses for the rest of their lives. But that’s not everybody. Some business owners think in terms of building their baby up for a few years, and then selling it off and sailing to Bimini. Or taking a break and then getting to work on their next business idea….read full story

Entrepreneur.com Daily Dose.

This is one of the most critical decisions a young entrepreneur or any entrepreneur for that matter must consider.Β  If you are truly an entrepreneur, you are going to want to try your hand at many different businesses, some you may keep over the long term and some you may sell.Β  But the truly savvy entrepreneur knows that very early on, it is actually part of their planning process, that this business is being built to be sold, replicated, franchised, etc.Β 

This key planning step is especially critical when multiple partners are involved.Β  Everyone needs to be on same page for what will happen down the road, it is an integral step in my small business consulting practice to have this conversation with my clients who are in partnerships.Β Β  Let’s get it all out on the table now and craft our partnership agreement on the best and worst set of circumstances, this way we are all on the same page from day 1.

Planning for the sale before the start is an essential step in entrepreneur development and sows the seeds of anticipated success.Β  I hope uyou enjoy the article link.

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Filed under: Personal Development, Self Help, entrepreneur assistance, entrepreneurship, small business advice, small business consulting
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