Benchmark Business Group

Buying a Business Newsletter

February 15, 2019

Every business has essential indicators of health, just like a doctor reads blood pressure and other vital signs. Understand those vital signs for the business you want to buy.

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February 8, 2019

Buying a business, especially for a novice, can be daunting and a little complicated. Never try it alone. Get your Deal Team together.

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February 1, 2019

Most people understand that buying a business avoids many of the challenges of starting a business from scratch. One of the keys that is often overlooked is the extent to which the business is "a system of results" rather than a people dependent "job." 

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January 25, 2019

Buying a business is more of a process than an event. There are clearly identifiable steps but exceptions always creep into the process. Find professional representation to assist you. 

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January 18, 2019

Buying a business can involve a fine balance between doing all the necessary investigation and due diligence,but not being frozen by analysis paralysis. At a certain point, you just have to take a risk.

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January 11, 2019

Knowing yourself and what you like and don't like is an important starting point for buying a business. Success in business will take all the passion you can muster.

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January 4, 2019

Business sellers are expected to provide sufficient information to enable a buyer to make an offer or give a Letter Of Intent. Real due diligence should occur after the LOI. 
 
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December 28, 2018

No matter how well designed a business is and how turnkey its systems are, a buyer should always expect to be directly involved with it for some period of time before treating it as a passive investment under separate management.
 
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December 21, 2018

Whether you buy an independent business or a franchise you will have the same challenges to make the business successful. A franchise does not necessarily mean automatic success.
 
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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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