Women, like men, enjoy the idea of being in control and the ability to take risks that enable them to earn more profits. As it has been more difficult for women to move up the corporate ladder, owning a business is a natural option. A large percentage of businesses are owned by women. Through a comb

As a business owner, you will often feel stress. There is good stress that gives you energy and helps you complete necessary work for the company. Bad stress is what we usually think of when we mention stress, and it must be controlled before you can act effectively in your business. Unless you can

There are certain terms that you should know if you are buying a business. It is, however, important to know that you don’t have to know everything. You just need to know who to contact for help and advice.It is good to select an accountant and an attorney to help you when needed. The business

As a business owner, you will at some point likely make the decision to sell your business. Whether you have owned the business for many years or only a few years, you will probably wonder if it is a good time to sell your business. People sell businesses for various reasons, some of which are retir

Work can be a very positive force in our lives, and most people prefer working to not working. Work provides meaning for our lives and gives us goals, challenges, friendship and support. Since people want different things and because their needs change over time, the key to encouraging hard work is

There are many reasons to buy a business, including financial independence, job security, control of destiny, investments, tax advantages, freedom, and lack of suitable job opportunities. As a prospective buyer, you probably have a vision of being your own boss and calling your own shots. It is impo

Employees are necessary for most businesses, and a good relationship with them is important for a successful business. Their attitudes and behaviors have a direct impact on the business, and good employees make business owners look good. Good communication, including listening skills, is important w

When buying a business, everything should be kept confidential until the buyer and seller have closed the sale. Many things could go wrong if information got out about the possible sale. Most businesses sold are profitable and doing well, so assumptions should not be made that the business is faili

There comes a time in every business for a change of ownership. There are many possible reasons. Perhaps it is because of retirement, bad health, stress, burnout, disputes, trading up, relocation, or financial hardship. Business owners become attached to their businesses and love them like children

Having a plan to follow helps eliminate the need to make hasty decisions, and not writing a good business plan to follow is a regret business owners often have and wish they had taken the time and effort to do before taking over the ownership of a business. It is easy to get caught up in the excite


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