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The Misconceptions of Buying a Small Business - Gateway Drug Businesses
Many believe that a business with low profit isn't worth buying, but in reality, there are numerous small businesses for sale that never get sold because owners are unaware of their business's sellable value. Some small businesses might not be ideal for long-term ownership but can serve as 'gateway drug businesses' to introduce individuals to the world of business ownership and deal-making. Learning to buy, operate, and sell these businesses can change one's perspective and open up opportunities to repeat the process, similar to how larger corporations operate.
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