5 Myths That Can Ruin Your Business Transition

Hull, Sam; White, Andrea
July 2009
Journal of Financial Planning;Jul2009 Solutions, p10
Academic Journal
The article offers information on the top-five list of business transition myths. It highlights the five common beliefs that financial planners believed to be dangerous in the business transition process. The authors also regard that these myths were considered to cause problems for both the buyer and the seller, citing the possibility for the business to be financially or emotionally distressed. Specifically, among these five myths include the belief of not worrying about what comes next, that the business will do good without an entrepreneur and not needing any help.


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