Benchmark Business Group

Buying a Business Newsletter

December 14, 2018

Buyers have to ask the "barrier to entry" question... is it cheaper and more efficient to start your own business or does a particular opportunity offer you a sufficient leg-up to warrant purchasing a business instead?
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December 7, 2018

Buying a business is a big step but many buyers know more about the kind of car they would like to buy than the kind of business they would like to buy. Give it plenty of thought and narrow your focus as much as possible.
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November 30, 2018

There clearly is a strategy for buying a business. It can be expressed in definable ways like products & the market, organization & management, systems, people, and last - but not least - finance. The answers may be different for every business but the questions are the same.
 
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November 16, 2018

Every business has both risk and reward. Buying a business to replace your job is simply buying another job with a possible crazy person for a boss. Be careful of your motives for owning and operating your own business.
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November 9, 2018

Buying a business can be like adopting an adolescent, much of its personality has already been formed and you need to learn how to adapt to each other to make a successful relationship.
 
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November 2, 2018

There are many advantages to buying a business versus starting one. It feels like you pay more to buy a business but the many hidden costs of a startup can actually be more expensive.


 
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October 26, 2018

It is standard business practice for brokers to request Non Disclosure Agreements from buyers on behalf of their seller clients. For convenience and efficiency, it is also common for the NDA to cover any businesses shown to the buyer by the broker.
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October 19, 2018

The kind of businesses most buyers buy look nothing like GE or Microsoft. They are privately held and need hands-on attention. And, have an insatiable appetite for working capital.
 
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October 12, 2018

If you currently own a business and decide to grow by acquisition, be mindful of the cultural changes that could occur within your existing business as a result.
 
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October 5, 2018

Most business owners find money and financing a mysterious, if not scary, topic. Banks have similar rules they all play by and it is wise to spend some time learning the rules of the financing game.
 

 
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