Saturday, March 7, 2009

Buying the Store

Proof that entrepreneurship soldiers on even in the face of recession: My Smart Answers column yesterday gave detailed advice to a reader interested in buying the company where he works as business manager.

As the expert I interviewed points out, finding a qualified, enthusiastic buyer under their noses is quite a boon for the sellers. Someone who manages the firm, and is familiar with its financial situation from the inside out, is an ideal buyer for the current business owners. The expert advises the buyer to use his position as leverage for a good deal on the sale.

Earlier in the week, I wrote about government resources for entrepreneurs. All too often, programs for entrepreneurs are "best kept secrets," while scams, ploys and outright frauds (the "free money" myth) get loads of publicity.

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