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Selling Your BusinessMaybe the offer is to good to be true or maybe it was your intention all along. Either way, you need to know about the pitfalls in selling your business. That's what this section is all about. |
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Are your dreams of retiring on the sale proceeds of your business pie in the sky?Whether you went into business with a plan to sell your business in the future or not, at some stage you will need to exit. But have you planned an exit strategy that will fund your retirement? Or, are you just presuming that someone will come along one day and pay you handsomely for all your toil and struggle? If you are in the latter category, think again. Market predictions show that all your hard work building your business could disappear in a puff of smoke. However, it doesn’t have to be that way. Click here to find out how you can retire on the sale proceeds of your business |
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How to avoid claims for unjustified dismissal when you sell all or part of your business" I have changed my mind – I only need 5 of your employees. The rest can go.” As these words came out of his buyer’s mouth it suddenly dawned on Carlo that he had made a huge mistake that could cost him thousands of dollars and eat into his sale profits. In just 3 days time 5 of his employees would lose their jobs and they were blissfully unaware. There was now no time for a redundancy process and he hadn’t even given them notice. Click here to find out why you must follow a procedure with your staff when you sell all or part of your business |
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