Everyone who builds a business has to pass it along to someone else sooner or later if it is successful. There are professionals who know how to transition parties into and out of small business. Often it takes time to find a suitor. They say that most people marry someone who lives within 10 minutes of them. If it is true for marriage it is nearly as true for buying and selling a business.
Wouldn’t it be hard for someone in California to find someone in New York to buy their business? And wouldn’t someone in New York have a hard time running a business from New York that is in California? Business is hands on.
If you are going to find a business, you most likely will buy one in your own community because you know it well. You know the local market far more, you know who the media is, you can visualize how to conduct business. It’s natural to think and act locally, trade locally, and to marry locally—which is why a networking platform that is capable of bringing people together in their own trusted local communities has so much potential value to you as a human being, an entrepreneur, and a citizen. It’s good to trade on Collabotrade. Join now. LK
Filed under: Trusted Communities | Tagged: bizzflip, business sales, businesses, buy business, family business, sell business
