Thursday, December 20, 2007

A Quick Note on Closing Your Business

I received a note back today from a resume writer who recently retired. I asked her whether she had tried to sell her business, instead of just closing it, and she was kind enough to respond back to me, and provide this tip for resume writers too:

"It's practically impossible to sell. Or at least I found it impossible. So I just closed it up. In Rhode Island, there's only one other person who really made a difference in the resume writing market, and she figured she'd get people from me simply because I wasn't there, so she turned [the opportunity to buy the business) down.

However, if you're signed up for umpteen months in the Yellow Pages, they have an "Out of Business" office that will allow you not to pay for the remainder of the year if you can prove that you've cut off your phone and are actually no longer in business. It took me a long time to find this out, so I'm passing it on to you."

I believe that it is possible to sell your business, and this is a topic that I will be exploring in the future. If you have insight into the matter, e-mail me! (rwdigest@aol.com).

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