Want to buy an existing business? Here’s what you need to know. BY KEY DAWSON, SENIOR BUSINESS ADVISOR, BUSINESS DEVELOPMENT. KEY OFFERS A WEALTH OF ENTREPRENEURSHIP EXPERIENCE AND OPERATIONS EXPERTISE. AS AN ENTREPRENEUR AND BUSINESS OWNER, KEY HAS SUCCESSFULLY PURCHASED AND SOLD A NUMBER OF BUSINESSES. Buying an existing business has many advantages over starting
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Business Tip No. 9: Know Your Competitive Advantage
As a small business owner, your biggest competitive advantage is having loyal customers. Being the first to market or the cheapest provider isn’t enough – especially as your competitors are working to leave you in the dust. Being a company that clients enjoy working with and keep coming back to matters. The key is building relationships
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Business Tip No. 5: Your Time Is Valuable
Time is the greatest asset a small-business owner can have. Treat is as such! But when you’re working around the clock to keep your business running, you’re often left with little time or energy to tend to the smaller things like administrative work. Have a good sense of the value of your time. Think of
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Business Tip No. 4: Encourage Collaboration & Creativity
Your people are your greatest assets and their creative power drives your success. But company culture can seriously affect creativity. As a small business owner, it’s your responsibility to understand the best ways to encourage free-flowing ideas within the structure of your business.
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Small Business Tip No. 2 – Get Control of Your Meetings
Meetings can, and do, spiral out of control. But if you’re in charge of the gathering, you want to seem on top of things and avoid wasting everybody’s time with inefficient meetings. With some smart planning and a few day-of strategies, you’ll be on your way to more focused team meetings. To Establish Control, Start
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