Selling a Small Business – Not So Small an Affair

It takes as much effort to fold something right as it does to blossom something from scratch. What can go wrong when one wants to sell a business and how can a business-person be better equipped to face it all?

For many reasons, an entrepreneur can find oneself standing at the sunset point and ready to conclude a journey that started with a small business. Sometimes, it is helpful to end something at the right time than to stretch it to everyone’s agony. Market factors, industry dynamics, sustainability issues and the roadblocks of scale or speed are just a few triggers that spur any small business owner to consider shutting down the curtains for good. It is only with the lessons learned and the hassles encountered here that the entrepreneur in question can be ready for forthcoming ventures that will gain from all the prudence and caution acquired in this very phase. Provided, the business owner does it right. But this is seldom a picnic.

Read more

How to start a business in 6 Easy Steps

It is not as simple as baking cookies, but it is not as tough as assembling a rocket either. All you need is careful planning, a grandma for tips and the right oven.

Do you know that eleven percent of the adult population in India has been spotted to be engaged in early-stage entrepreneurial activities? Well, wait till you read the next figure. A mere five percent of people in India actually go on to establish their own business.

Read more

How to Find Trustworthy Business Brokers

Knowledge is power, and it applies so powerfully when you are looking for brokers.

Business is seldom a smooth affair. One has to navigate all shades of challenges to survive and succeed in today’s landscape. At every stage of business, you need someone who knows someone. At the inception, it is the need to scout for talent, legal work or suppliers. As one scales, the expansion plans need a different category of partners. Even when a business is wrapping up, the right conclusion and transition would require contacts that can help a business owner transcend from one level to another smoothly.

Read more

Jump-Start a Franchise in Less than a Month

If you are reading this article, chances are you know the inherent advantages of choosing the franchise route instead of diving into the start-up whirlpool or grinding yourself in a 9 to 7 rut.

It is as good as being an entrepreneur but without the overwhelming risk, uncertainty and regulatory weight that deter even the most ambitious entrepreneurs.

Read more

Uberish for Brokers? Think this way

The Indian property landscape has undergone massive upheavals in the last few years. From the seismic effects of demonetization to the advent of the Real Estate (Regulation and Development) Act (RERA) as well as GST, a lot has changed in the industry in a short span of time. These are not just regulatory changes intent on bringing in more transparency, speed, and efficiency; but also ripples that are making the sector sharp, technologically-inclined and digitally-savvy as we move forth.

Read more

The Decision Matrix: Buying an Existing Business Vs Setting Up a New One

A consciously made decision to start or buy a business goes a long way in securing your position as a smart entrepreneur.

There are many ways to kick-start a brand new business. A decision that every entrepreneur faces at this point is – whether to start a new business venture from scratch or invest in an existing business and take off. The answer to this question is not easy, and one must analyse all the pros and cons to arrive at the right decision.

Read more

Shrink, Wrap and Ship: Make Selling a Small Business – Hassle Free

Every successful entrepreneur knows that surviving in the tough landscape of business takes a juggler’s dexterity. The trick sometimes is not in catching a ball but in letting it go.

It is not a failure to let go of something that’s not working. It is rather a sign of prudence, resilience and agility to come to the right conclusion before the timing goes awry and things slip off in messy ways. It takes wisdom and courage to accept and adapt when things are not going as expected.

Read more

Where and How to Buy a Retail Business

It takes years to build a loyal following of customers for your business. And in the case of a retail business, the process is all the more complex and demands patience and constant innovation. Showrooms, shops, hotels, restaurants, banquet halls or other retail businesses running for a long time clearly indicate that they have cracked the code of “customer satisfaction”. They know the customer, the right pricing, the product, the right vendors, et al. The period of teething trouble is over and trials and errors have resulted in a proper understanding of the customer and markets. This is the reason, sometimes, the best way to start a new retail business is to simply buy one.

Read more