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Key Strategies for Aspiring Entrepreneurs Considering Franchise Ownership

Strategy Driven

Budgeting wisely, preparing for unexpected expenses, and familiarizing oneself with various financing routes are elemental strategies for financial preparedness. Financial forecasting and budget management. Franchise Owner Burnout: Prevention and Management The reality of franchise ownership is that it can be as taxing as rewarding.

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Top 10 Clear Signs It's Time To Quit Your Job.

Rich Gee Group

You never ask for guidance or advice anymore from your boss. This is a telling sign — you've outgrown your manager. Oh-Oh — either management is not doing their job or the company is ailing. Start planning your exit strategy. You've grown out of your role. They know something you don't know.

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How to Get Started Flipping Houses: 10 Pieces of Expert Advice

Strategy Driven

Plan a Set of Different Exit Strategies. It’s important you know how to avoid hiring cowboy builders. Never pay upfront, and look for someone local to the area with a good set of reviews. The goal of any flip and sell project is to sell fast and make a substantial profit. The market might shift, or the economy takes a dip.

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How to source funds to expand your business

Strategy Driven

But sometimes, due to the lack of financial literacy or good financial advice, you may end up making the wrong choice. To seriously consider angel investors, you must first have an exit strategy for your business and solid projections for the future. But they may not invest as much as venture capitalists.

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Top 10 Clear Signs It’s Time To Quit Your Job.

Rich Gee Group

You never ask for guidance or advice anymore from your boss. This is a telling sign — you’ve outgrown your manager. Oh-Oh — either management is not doing their job or the company is ailing. Start planning your exit strategy. You’ve grown out of your role. They know something you don’t know.

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If You're Out to Change the World, How Do You Know When to Move On?

Harvard Business Review

A certain phrase has gained currency in my world lately: the notion that a social enterprise must have an "exit strategy." It''s much-needed advice. At least in my corner of the social enterprise world (the part that focuses on communities'' access to good water), I have yet to see a successful, strategic exit.

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Permission to Fail

Harvard Business Review

In most organizations without professional risk managers, the amount of risk individuals are allowed to take is set informally and evaluated by tradition. Risk managers employ a variety of tools to align individual risk decisions to organization-wide risk appetite. An important one is permission to fail.