Decision Making

4 Steps to Purchasing an Existing Business

Go through these four steps for buying an existing business to minimize risk and maximize your chances of owning a profitable business.

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Decision Making

Manipulating Your Inventory by Trading Up and Trading Down

Implement strong product development practices by defining what should be traded up or down, and how to implement these product changes.

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Decision Making

Should I Open A Restaurant?

Decide if owning a restaurant is the right choice for you by reviewing the costs and personal sacrifices involved in this risky yet rewardin

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Decision Making

Should You Open a Second Location?

Consider whether the advantages of opening a second location would justify the investment of time and money necessary for such an effort.

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Decision Making

Conflict of Interest: Resolving the Agency Problem

Eliminate the agency problem in your business by requiring full transparency, limiting the agent's power, and removing financial incentives

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Decision Making

Passing the Torch: How to Navigate Management Transitions Successfully

Approach your succession and exit planning the right way: start early, plan strategically, and clearly communicate to everyone involved.

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Decision Making

How to Choose Charities for Corporate Philanthropy

Choosing the best charities to donate to requires a little time and effort, preventing your business from making a potentially bad decision.

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Decision Making

Incorporating Opportunity Cost into Decision-Making

Understand opportunity cost, learn how to quantify it using net present value, and incorporate it into decision-making.

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