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their savings. they feel the failure more than if they had a venture capital backer. if you borrow money from friends and family, they may suffer. you should be talking to people about getting money if you need it, don t get down to the wire. i say business is like dating. you never want to be desperate. if you have the chance now, while you are ahead to get padding room, you are not only creating a cushion for yourself, but developing a relationship with your lender. when it comes time to really need cash, you have a credit history established. stella and vanessa, thank you so much for all your help. appreciate it. thanks. to learn more about today s show click on our website, it s openforum.com/yourbusiness. you ll find all of today s segments plus web exclusive
your business questions. vanessa and stella are with us once again. the first is getting out of your business. here i am, 16 years into it. i m ready to sell my business, need a place to go to find out how to make it happen. where do you start? a lot of people get into this situation. they are good at running it. congrats for 16 years in. i would go to bizbuyseldom. you can post your business for sale and find a broker to help you make the sale. the first thing you want to do before you post is figure out your sellers you want to figure out how much earnings the company makes and go three years back into the records and have all your numbers ready. once you understand the true earnings, you want to understand what s the multiple that you can sell your business at? for example, technology
room temperature. having a room that is too cold or hot can lead to proproductivity. keep the temperature around 74 degrees. number three, tech intrusion. nearly 60% of the work ent interruptions can come from the internet. and four, office seating. chairs that are not adjustable and desks too small can cause sore backs, and uncomfortable workers produce less, and color, and height, and ceiling height can change the way we think. it s time to answer some of your business questions. stella and mike are here with us once again. the first question is about high-end retailers. i want to put my box in high
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