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When you know what you exactly want you will now have to figure out how you will get there. For this you will have to set up a step by step plan. Set up a yearly, month and a weekly plan to shoot your end goal. Despite the emotional attraction of passing a company on to the next generation experience tells me that it is not the right decision for every family. It may only be the right decision for a minority of family companies.

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The first piece of advice you should consider when examining business opportunities is to unearth a verification that there truly is a market for the product or service you are looking into getting involved with. Just like any other financial report, the appraiser or valuator needs to disclose what approach has been applied for business valuation as all approaches have different …