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Smart Business Start-ups by Infinite Ideas

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50. Elvis has left the building

When you first launch a business it may be your intention to work in it forever. It is best, however, to plan for potential exit routes right from the beginning.

Rather than racking up as much personal and business debt as possible and then flying off to Rio, you’ll do much better to find legitimate ways to sell on your business.

It is not uncommon to launch a business with the sole intention of building it up to a certain level and then selling it on. A lot of money can be made this way if your offering is unique, popular and somehow taps into the Zeitgeist. Examples from the internet industry include Hotmail being bought by Microsoft to consolidate their position as the most popular free email provider and AOL ...

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