Selling a business can be an emotional roller coaster so it’s important to be prepared. Finding the right buyer with experience, integrity, and capital is vital to clients and the buyer for a smooth transition.
As the U.S. economy gets hit by COVID-19, managers need to use preventative maintenance measures to avoid future issues.
It is imperative that the board not only choose the right vendor for the job but also make sure they enter into contracts that are beneficial to the association.
Some boards believe they need three bids for every contract, no matter how small or how undefined the scope of the work is. That’s not always the right thing to do.
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