Benchmark Business Group

Buying a Business Newsletter

September 22, 2017

Owning a business can be a very freedom-consuming activity or the most freeing experience of your life; prepare yourself to design it to work for you not just because of you.

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September 15, 2017

In the best businesses systems run the business and people run the systems. Having a great team is critical to systems mastery and innovation. The combination is critical to business success.

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September 8, 2017

Having a clear understanding of business best practices and drivers of business value is the lens through which you should look at any business you hope to purchase.

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September 1, 2017

The SBA7(a) program was designed to enable financing on deals where there is insufficient collateral that a conventional bank loan would require.  This is a very common way that business purchases are financed.

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August 25, 2017

Sometimes experience is your worst teacher, unless it's somebody else's. Study the experience of others who have purchased businesses.

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August 18, 2017

Buying a business requires understanding your specific criteria as a buyer. Write down why you want to own a business and what you are looking for in that business.
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August 11, 2017

To make buying a business a win-win, you first need to ask questions and listen carefully to the sellers motivations.

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August 4, 2017

Like many things in life, successfully getting a business loan depends on the extent of your preparation for presenting your request to a lender.

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July 28, 2017

Don't just buy a business because you think you love it. Love is blind, open your eyes and ask practical questions.

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July 21, 2017

As a buyer, you need to sell yourself as well as negotiating the purchase.  We see this in our coaching clients too,they need to trust who they are talking with.

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