# -*- coding: utf-8 -*- """IndAttr_quiz.ipynb Automatically generated by Colaboratory. Original file is located at https://colab.research.google.com/drive/1GtdGdyvY0v2qFjhY3XX30EUWL86PCrVN """ # quiz using forms as template# # Attractiveness of Industry# q1="""Are there opportunities for you to gain more market share? a. No b.Yes""" q2="""The growth rates in our industry are a.Poor b.Excellent""" q3="""If you weren't already invested would you enter this industry? a.No b.Yes""" q31="""Are the gross margins in this industry high? a.No b.Yes""" q4="""What is the level of competition within your market area? a. Highly competitive b. Not competitive""" q5="""What is the likelihood of new competitors entering your market? a.Very likely b. Not likely""" q6="""Do you have a clear competitive advantage (like a lower cost structure or a clearly differentiated offering)? a. No b.Yes""" q7="""Is your major customer segment going through growth or contraction? a.Contarction b.Growth""" q8="""Are changes in consumer preferences moving customers toward or away from your business? a.Away b.Towards""" q9="""How strongly is your pricing influenced by customer expectations/ability to pay? a.Very b.Not very much""" q10="""Are there alternative products that your customer could buy? a.Yes b.No""" q11="""What degree of bargaining power do you have with suppliers? a.Not much b.Very much""" q12="""Is there a significant cost in keeping up with technological developments in the industry? a.Yes b.No""" q13="""What impact is technology having on your industry? a.Disruptive b.Positive""" q14="""On a business life scale rate the industry as a.Declining b.Mature
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Why There’s a Need for an Exit Strategy

Jul 26

1 min read

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Eventually all business owners will need to exit their business.

Reasons may vary but they revolve around the following factors:

  • Retirement because of age

  • Health problems of the owner or their family

  • A change in circumstances impacting family finances

  • Unexpected family issues

  • Change of interests and no longer passionate about the business

  • An unexpected offer

  • Pursuit of new venture

  • Need to raise money

  • Desire to spend more time with family or take care of a loved ones

  • Death of owner/financial difficulties

  • Desire for liquidity and asset diversification on the part of the primary shareholder

  • Competitive pressures. Unable or unwilling to compete..

 

Having established that exiting is unavoidable, the wise business owner will create an exit strategy while still many years away from departure and will run their business with the view of securing the best possible price when that time comes.

Here is how to get the best price when selling

Jul 26

1 min read

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15

0

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