Do you run a business?
Then you have to hear this true story!
Every entrepreneur wants to be successful, but even a seemingly small mistake can sometimes cause big trouble. In the fifth part, the business risk buster strikes at a gun shop. A seventy-year-old gentleman decided to sell his company and shop, but he forgot about his collateral in the bank and almost ended up paying very dearly for that.
Contents:
DonÂŽt be afraid to start your own business, even at an advanced age: you have enough life experience and a cool head
Before you sell your company, prepare thoroughly for such a transaction
Always choose the buyer very carefully
When selling a company, make sure you are not held liable for its obligations
Leave the entire process of selling your company up to experts or at least hire a good lawyer
If you get into any kind of trouble, always try to negotiate and never give up
How to search for potential acquisitions
Learn from mistakes made by other entrepreneurs.