Before investing into a dying business, proper consultations and calculations must be done so as not to be a bad decision but a profitable one and make sure to seal legal requirements for future purposes.
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Yeah proper control and legal documents needs to be done ,so the person wont reclaim the business after it have suceed to its fullestBefore investing into a dying business, proper consultations and calculations must be done so as not to be a bad decision but a profitable one and make sure to seal legal requirements for future purposes.
Have you ever invested into a business? A dying one or started one yourself, humans can be very funny they can just go behind and plot something obvious but because of lack of evidence one can't stand a case, which makes legal document important.Yeah proper control and legal documents needs to be done ,so the person wont reclaim the business after it have suceed to its fullest
True and once they plot the thing , the person would feel defeated because he would be confused on the next step to take to sort out pending issuesHave you ever invested into a business? A dying one or started one yourself, humans can be very funny they can just go behind and plot something obvious but because of lack of evidence one can't stand a case, which makes legal document important.
I have never tried this sort of business. I do not even know anyone who has done so too. But I can also advise such if you are already familiar with the skills and know how of that business. If you have the funds and resources to rejuvenate the business, then you go ahead.Has anyone here invested in a dying business before? I know some people can turn a business around by purchasing it. I have not done this myself, but a friend of mine purchased a small store that wasn't going anywhere, he changed things up and started getting business.
But, what about you? Ever succeeded in repairing a dying business after purchasing it?
Coupled with the fact that the person was caught unaware and might not even be prepared for such challenge, if you were in this shoes, what will u have done to help.True and once they plot the thing , the person would feel defeated because he would be confused on the next step to take to sort out pending issues
I wouldn't have done anything ,because i would be also confused on the next step to take to , we just need to be very much carefulCoupled with the fact that the person was caught unaware and might not even be prepared for such challenge, if you were in this shoes, what will u have done to help.
Lol, not taking action can be dangerous as opportunity mighr pass one by without even knowing, true one was caught off guard and need to be very careful but one still needs to make decisions.I wouldn't have done anything ,because i would be also confused on the next step to take to , we just need to be very much careful
Most times with high manigeria skills many still fails trying to revive a dying business ,the person actually need more skills and many other supportA dying business is seeing as a business that is at the verge of shutting down. It will take a high managerial knowledge to be able to revive such business.