Rachel Greenberg from Start it up outlines what she should’ve asked herself before quitting her 6-Figure Job and jumping into online entrepreneurship. Greenberg points out that , understandably, many who start new ventures fail to gain momentum, but thankfully platforms like Flippa allow business owners a pathway to exit.
If you’ve done everything you can to attempt to grow your new venture, and you realize you’re lacking a critical factor required for success — be it funding, expertise, connections, or anything else — selling to a better-equipped owner may be the best option. Sites like Bizbuysell and Flippa allow you to sell even pre-revenue companies to eager, motivated future owners. “One man’s trash is another man’s treasure” rings very true in entrepreneurship — take it from someone who’s been sifting through thousands of failed startups, seeking a gem in the rough to acquire and turn around.
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