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Richard S. Ruback and Royce Yudkoff, professors at Harvard Business Faculty, spell out an ignored profession path: buying a business and running it as CEO. Buying a small company allows you to turn out to be your own boss and reap monetary unemployed professors rewards with out the risks of founding a start-up. Nonetheless, there are issues you have to know. Ruback and Yudkoff are the authors of the HBR Information to Shopping for a Small Business.

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RICHARD RUBACK: The other thing is small business homeowners crave confidentiality. If you consider what it is prefer to be a competitor in a big enterprise, should you’re competing with a company that is a public firm and you are a public firm, one of the belongings you see is your competitor’s technique. You read it in analyst’s stories, you learn it in the firm’s annual experiences, you read it within the transcripts of the convention calls.

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