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I am a good hairdresser and my last boss offered to help me if I ever wanted to get into business. My boss now has decided to sell out and so I phoned my old boss. He asked me to calculate backwards from what the salon takes less every expense including taxes and accountants fees. The result was that the place was losing money daily. I thought that was going to encourage him but instead he suggested that I inform the current owner that since the place was going backwards. They could offload the lease on me and I would pay them the stock. Does that sound like a good deal to you?
Dear reader That sounds like a great deal but I rather think that your old boss is saying that he would rather not get involved. On the other hand, if the place is losing money and there are a few of you working there. It's worth a try. The current owner I suspect would try and sell for enough money to cover their losses. But you never know. If they did give it to you. You would have to let go an employee and that would alter the profit margin. Then the rest would be up to you to build up the business. The Editor Views: 73
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