What should I look for in a business? |
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Most obviously, you want to consider only those businesses that you would feel comfortable owning and operating. "Pride of Ownership" is one of the key ingredients for success. You should also consider only those businesses that you can afford with the cash available. And most importantly, the business you buy must provide enough income to pay your bills. However, you should look at a business with a vision about what you can do with it - how you can improve it and make it more profitable. |
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