Who does not want to take up an opportunity to earn an extra income besides their primary source in their free times? Not only it ensures financial stability for a better lifestyle, it also helps you to kill time in an effective manner.
Selling a business can be a challenging task and proper guidance is essential to make it happen. There may be various reasons for you to sell your business but if you don’t sell it for what it is worth, it might not be a good decision.
“When the going gets tough, the tough get going!”
Is your 9-5 ritual taking a toll on your well-being? Did you always want to do something challenging and that too, for yourself? If you have the desire to experience freedom and generate a decent income, entrepreneurship is the way to go. It not only can give you a lifestyle of your choice but there are many other added benefits to it. The most appealing advantage of being an entrepreneur is to be by yourself and not at the mercy of your boss- you get to rule yourself! Here are the top 8 reasons for considering to spend the 40 hours a week for something you love and can help you lead an amazing life too.
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.
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.
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.
Buying an existing business is considered to be a better alternative to starting a business from scratch as it avoids all the hassles involved in starting a new business. But, there is no easy way out in the corporate world, where you might a ton of benefits, you might have a bunch of challenges too. Here are the benefits and challenges of buying an existing business:
“He who fails to plan, is planning to fail” – Winston Churchill
Your business plan is your compass- it’s going to help you map out a new course and navigate through unexplored territories. Your business success is highly dependent on the way you plan it out because you cannot reach anywhere without your map. A business plan will guide you through your journey and remind you of your goals too. It is basically the future of your business, on how you see it with a plan on what to do and how to do it. Here are the most common questions which will help you to get started to write the perfect business plan.