Making the decision to start a business is an exciting time for many people. It is common to get excited about getting started on your dream and possibly sever ties with a traditional boss for good. But starting a business doesn't mean an end to following rules. In fact, there is a whole new set that come into play.
Thinking about selling your business? You need to consider these issues before making any final agreements. The process of selling a business involves negotiation and leverage, much like when incentives are given to employees for a job well done. When selling your business, it is vital to have a letter of intent to protect your interests.
An overwhelming percentage of new small businesses fail within few years of operation. There are a variety of reasons why a business might not be successful but the majority of companies that do find longevity have one thing in common: a business plan.
Your dream has been to start your own business. Now the time is finally here, but where do you start? Starting your business can seem overwhelming. You will need to research legal issues and develop a business plan that addresses how you will achieve your goals.