Even if you have a very sucessful home business, you should know that over 90% of home businesses end up doing poorly in their first two years and don’t last longer than four years. Many people have a very viable business but become sick of doing it, while others see changes in technology that make what they do obsolete. What do you do with all your customers in this situation? How can you transition out of your home business without losing money? This guide answers all these questions, and then some.
1. Selling Your Business
Yes that’s right, selling your business might be a good idea, depending on a few things. If your business was incorporated you will have a better chance of being able to sell it. Other businesses, such as electronic repair, rely on your own personal knowledge and effort to run. In essence, you can’t sell a business where you basically are the business. If your business would be inoperable without your training or knowledge, no one will want to buy it.
2. Selling A Home Business
You often get far less for a home based business than you would others. The business will not come with premises and likely won’t...
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