Business Sellers – Avoid These Ten Mistakes

We go networking with the intention of creating new business opportunities. Well at least I hope that’s the reason you do it! Some people seem to net-eat or net-drink rather than network…but that’s another story!

Prepare your business for sale. Aside from preparing all documents (example; income tax returns, financial statements, and contracts with suppliers and customers), you need to make sure that your business is not on it’s lowest low if you don’t want to give your potential buyers the power to haggle.

It is the desire of the richest people on Earth to successfully control the whole Planet any or every way possible. Their agenda and secret plan for the achievement of that goal is known to us as, “The New World Order.” As for our Politicians, they are nothing more than the tools for the achievement of that, “New World Order.” If we don’t put a stop to what they are doing to our Country and the hard working and honest people within it, we will soon lose every right granted to us by the founders of our once great Nation.

Qualifying buyers. Keep in mind that not all “interested parties” are really interested to buy your business. Your competitors might send representatives just to get inside scoop. Don’t waste your time on these people by creating a criteria that all your potential clients must meet before you talk to them.

Before you buy a business have their books checked by a qualified tax with experience in the type of business you are buying. You must be sure of what the earnings are because that is what you are paying for. Nothing else is more important. Be wary of being told that there is untaxed income from the business that the seller is hiding from the government. If you count on that to pay off your notes and it is not there you will go broke.

Although the technology age is being blamed for all manner of health issues such as eye strain, corporal tunnel syndrome, neck and shoulder aches and sleep disorders, it is not the only reason for our problems with posture.

The New Year is a great time to raise your prices. Examine your sales and expenses to determine if prices need to be raised and by how much. Notifying clients about a price increase is your decision.

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Business Sellers – Avoid These Ten Mistakes

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