By Melody Yuan
Nov. 16, 2020
Selling a portion of your business may bring in cash, provide access to resources, or reduce financial risk. (Photo credit): Gettyimages.com/pixelfit
How selling certain portions and assets of your business can be part of your strategy to save it
Cash is a lifeline. But with the prolonged pandemic, lower overall consumer spending and lack of federal funding, many businesses are struggling to maintain cash flow and keep their doors open. A September report by Yelp found that 60% of businesses that closed due to COVID-19 have now closed permanently. Data suggests that in the U.S., almost a quarter of all small businesses remain closed, the World Economic Forum reports.
I know its hard, in this time of C…