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Guide
on How to Buy a Business, How to Sell a Business
How to
sell and Buy a Business
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To Guide on How to Buy a Business, How to Sell a Business - Top
Empowerment Tip In the context of this buy small business tips - guide to buying business, here are some empowerment tips. Adversity almost inevitably strikes at some point in a person's career. Among these adversities are being fired, being laid off, losing a major account, having one's budget reduced, or falling into political disfavor. Long-term edge gainers do not surrender when adversity strikes. Instead, they look upon adversity as a challenge that must be handled in the way that all major business problems are solved. After getting over the emotional sting, the resilient person explores multiple options to find one workable escape route. Engineering manager Pete Chan illustrates deftly the importance of looking upon adversity as a challenge. At one time, General Electric decided to move its semi-conductor division from Syracuse, New York, to North Carolina. Pete, the head of the reliability engineering section, did not want to relocate for personal reasons. He and his family were happily ensconced in their community.
Pete's survival plan was
to attempt to merge his
group with the
electronics laboratory
in Syracuse. The lab was
conducting exciting
research in radar,
lasers, infrared
cam?eras, and high-speed
semiconductor devices.
Pete wrote a report to
division management
explaining how his group
would be more effective
working with the
electronics labo?ratory
than by relocating.
Pete gained a double
edge because he was able
to keep his work and
personal life intact. He
overcame adversity by
developing a sensible
survival plan and
selling it to
manage?ment. His
suggestion of merging
his group into the
electron- To Guide on How to Buy a Business, How to Sell a Business - Top
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