One entrepreneur who recently purchased a business advises buyers to expect some surprises in the deal no matter how well prepared they may be. He says that every potential buyer must build some “wiggle room” into their plans to buy a company. What steps can a buyer take to ensure that he has sufficient “wiggle room”?
Answer to relevant QuestionsDescribe the three types of franchising and give an example of each. Two franchising experts recently debated the issue of whether new college graduates should consider franchising as a pathway to entrepreneurship. Jeff Elgin said recent college graduates are not ready to be franchise owners. ...How can market research benefit entrepreneurs when starting up? Describe how a small business owner could use the power of publicity for a competitive advantage. Discuss the factors entrepreneurs should consider before launching an e-commerce site.
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