It takes years of hard work and sheer perseverance to build a business. But then, one fine day, you realise that all is not well with your business. The alarm bell rings, and it becomes clear that it is time for a distress sale.
Selling your business can be frustrating. Evaluating the offer and getting it executed is the toughest part. The common notion that ‘if an offer is too good to be true, it might just be’ holds a lot of wisdom at this time. With the evolution of complex market assets and technologies, the ways of cheating and frauds have also evolved. And for all you know, you could be walking into a deal that is either one-sided or simply a trap meant to cheat you and take control of your business.
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.
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.
Starting from scratch isn’t the only way to be an entrepreneur, you can buy an existing business and get going too. Here’s what you need to know to get the best deal.
When people are deciding to take a switch from being an employee to being an employer, the first option that pops over to the minds is to start a business from scratch- thinking of a unique business idea, developing it into a successful business model, recruiting efficient staff, setting up the work premises and handling all the business operations. All of this can be a bit overwhelming for a newbie who has just decided to hit the market without any prior experience.
When you start a startup of your own, failure is the last thing that you want to think about. But in reality, not all startups are meant to be successful. When businesses fail, everybody looks at the bigger picture as to why it could not survive in the market, they try to point out the exact reason for its failure. They think about the idea, its execution, the promotional plan etc. but what really needs to be pondered over are the small things. These small factors contribute to your everyday success and can determine the fate of your business. Here are a few things that can help you to save your startup from failing and which are often overlooked:
Times have changed significantly and now working from home is easier than ever thanks to the latest technology and the ultimate game-changer- internet. There are numerous reasons as to why people chose to work from home- their responsibilities, schedule or personal reasons. Whatever the reason be, there is a solution for everybody as the options for home-based businesses are many. One can be easily be overwhelmed by the plethora of options available to suit everybody. What are the basic things that you need to consider before you set up your home-based business? You need consider the following important factors before you decide upon a business:
Healthy competition is vital to the success and the growth of a business. Competitive pressures are not an obstacle rather they should be viewed as an opportunity. As a business-owner you are never alone, whatever industry you chose to go in, there will always be some kind of competition present. Even if not present at that time, competition will slowly build up. The business industry is meant to be a racecourse, where there are going to be your fellowmen, sometimes you are going to take the lead, and sometimes you might be left behind too. But there is no finishing line. Successful entrepreneurs learn how to survive under competitive pressures. Never underestimate your competitors, you need to worry about them because however small or big they are, they are going to be a threat. But what can you do about it? You need to devise a strategic business plan in order to get competitive advantage to get ahead and stay ahead. Getting ahead might not be difficult but the other part is where you have to buck up and stay prepared for anything. So how do you identify your competitive advantage? Here are a few ways in which you can stay in business against the competition: