A competent owner is a master of day-to-day operations of the business and can help a buyer to make a smooth transition into business ownership.

Question

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A competent owner who is knowledgeable about the day-to-day operations of the business can provide valuable guidance and support to a buyer during the transition period. This can include providing training, sharing key contacts and suppliers, and offering advice on how to maintain high levels of customer satisfaction. As such, having a competent owner involved in the sale of a business can help ensure a smoother and more successful transition for the new owner.

A Competent Owner Is a Master of Day-To-Day Operations of the Business