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  • Casual Articles - Buy A Business In Your Own Backyard And You Could Be Committing Business Suicide

    Leading Change - Keeping Perspective Top to Bottom
    As a change leader, if you’re worth your salt, you’ll have the big picture. Usually change leaders focus too much on the big picture at the expense of the business of their organizations. The ‘big picture’ I am talking about is you know why yo
    r the store. You have no idea what you're in for if it's right down the street (even if you are having other people run it for you) because
    Classified Advertising in Local Markets
    Newspaper advertisements may cost more than those which can be posted on the Internet, however, posting your classified advertisements in the newspaper will likely increase the chance of a sale as you are reaching a more local market. It is u
    Whenever I talk about buying businesses I tend to get a lot of questions about distance. How far away should a business you buy be? Should it be in your backyard? Should it be in another city? Another state? Another country? In other words, they want to know if distance plays a factor in the success of a business they buy, and what do I think about it?

    My answer: Ideally -- and this is different for everyone, so this is just my personal preference -- I would recommend one closer to home but not too close. You don’t want to live over the store. You have no idea what you're in for if it's right down the street (even if you are having other people run it for you) because

    Change Management and the Affects on Productivity
    One of the biggest concerns and the reason why so many consultants and MBA business schools study change management is because it directly affects the productivity of the company and the efficiency and the use of the organizational capital, wh
    d it be in your backyard? Should it be in another city? Another state? Another country? In other words, they want to know if distance plays a factor in the success of a business they buy, and what do I think about it?

    My answer: Ideally -- and this is different for everyone, so this is just my personal preference -- I would recommend one closer to home but not too close. You don’t want to live over the store. You have no idea what you're in for if it's right down the street (even if you are having other people run it for you) because

    Online Entrepreneur Basics
    Today more and more often we hear about the overnight riches being made online. However when attempting to locate opportunities you can find yourself overwhelmed by the sheer number of sites offering you the chance to make incredible profits
    ays a factor in the success of a business they buy, and what do I think about it?

    My answer: Ideally -- and this is different for everyone, so this is just my personal preference -- I would recommend one closer to home but not too close. You don’t want to live over the store. You have no idea what you're in for if it's right down the street (even if you are having other people run it for you) because

    Buying a Business in Australia - Market has Hot and Cold Spots
    The market for private businesses has shown some distinctly hot and cold spots over recent months. At the larger end, businesses with a turnover in excess of $20 million, interest from private equity firms is pushing prices higher. However
    for everyone, so this is just my personal preference -- I would recommend one closer to home but not too close. You don’t want to live over the store. You have no idea what you're in for if it's right down the street (even if you are having other people run it for you) because
    How To Lose A Customer In Ten Easy Steps
    Certainly, we’ve all observed the scene unfold: A salesperson behaving in a fashion that indicates he or she desperately wants to lose their customer. You know, that behavior that reminds you of a hungry bear stalking spawning salmon. Unfortun
    r the store. You have no idea what you're in for if it's right down the street (even if you are having other people run it for you) because there’s a tendency to drop by and get involved in the whole thing. And unless you really know what you're doing when it comes to running businesses -- know more than the managers you're paying all this money to keep things running for you so you don't have to be there -- then you're probably just going to be in everyone's way and muck things up, with people wishing you'd get the heck out of there and go play golf or something.

    On the other hand -- and if you do things the way I suggest, and only buy large, multi-million dollar busin

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