How Americans Get Rich - Action Principles

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Buying and Selling Businesses

    You don't have to crush your competitors. Since there is usually enough new and underserved business to go around, the odds are that you can peacefully co-exist with others in your industry. Not always, but at times, there may be opportunities to share ideas and ways to combine your strengths for mutual benefit.

   Perhaps on your path to wealth, it may be advantageous for you to acquire your competitor's business or, at some point, to sell your business to your competitor. Since there are economies to be gained from greater size, successful businesspeople are always thinking about investing and divesting. When you are known as a capable, honest and respectful businessperson, these opportunities do materialize.

   In business and in life, if you are following The Action Principles® philosophy of self-improvement and service to others, you probably aren't going to be working forever. This is the plan. You may wish to retire early and have the time and the resources necessary to fully develop your special talents to better the world.

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