Business, 06.10.2019 11:30 murrachl000
There is a young entrepreneur who is looking for a loan to buy her aunt and uncle’s dry-cleaning business. the potential entrepreneur is only twenty-seven but has worked hard and saved 20 percent of the cost of the business. the business has been quite successful and established for the past 17 years. because the owners want to retire, they need to sell the business in its entirety at market value. there are two other family members that work at the business; however, one is also thinking of retiring soon, and the other has some past credit issues and cannot finance the business. therefore, neither of these employees is in a position to consider taking over the business. based on the information provided, what advice would you give this entrepreneur about buying a family-run business? give three recommendations for an entrepreneur in this situation.
Answers: 3
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There is a young entrepreneur who is looking for a loan to buy her aunt and uncle’s dry-cleaning bus...
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