Copyright 2008 Dennis S. Vogel All rights reserved.
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If you plan to keep your business, you can still sell your knowledge & intellectual to people in other areas who will sign non-competition agreements with you.
If you want to retire or change businesses (& start another) you should sell your business multiple times.
Whatever kind of business you have, you have more than physical things to sell. Since many business fail, if you have a successful business you have an asset to sell.
You have knowledge, intellectual resources, processes, values, policies & plans you`ve used to become & remain successful. You don`t have to sell it only once.
If your business is regional, there are people--in other areas--who`d like to learn what you can teach them.
An entrepreneurial lawyer, consultant, seminar promoter or business broker could sell this knowledge for you or with you, if you don`t want to do it alone.
Be sure you specify you control the rights to sell what you know as a course, seminar, book, video/audio set, business opportunity &/or franchise. Otherwise, somebody may just assume these rights & profit from what you know & not share the profits with you.
You can sell your knowledge to each person for various payment terms--lump sum, deposit plus payments, share of the profits (percentage), limited partnerships, etc.
Thank you for using my blog. Please let me know if I should clarify anything.
Copyright 2008 Dennis S. Vogel All rights reserved.
When you compete against big businesses with big budgets you need powerful marketing strategies & tactics. You'll find them here-
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