Benchmark Business Group

Buying a Business Newsletter

June 22, 2018

You've heard that it's often better to buy a business than start one. For even greater reasons it may be best to consider a proven franchise as your new business venture.
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June 15, 2018

When buying a business you sometimes are negotiating two deals: one with the seller and one with your new landlord to be. Get educated on commercial leasing issues.
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June 8, 2018

The most important assets in a business are people and processes. Look for businesses with strong processes and great people and 
take care of them.
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June 1, 2018

The three rules of business success* are: 1) Focus on revenue. 2) Never settle for second best products and services. 3) Never violate #1 and #2. *Harvard Business Review, April 2013.
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May 25, 2018

When coaching business owners, we often focus early in the relationship on the owners' self-awareness and self-discipline as a leader. When buying a business, the self-analysis is no different. 
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May 18, 2018

When buying a business it is important to think about and identify your "Deal Team." That is, your business intermediary - or Broker - your attorney, accountant, and lenders.
 
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May 11, 2018

It's important to know the strengths and weaknesses you bring to the table as a buyer. Look for businesses that are compatible with your ability to add value.

 
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May 4, 2018

The way a deal is structured has many implications that can come back to haunt you long after the deal is closed. Always consult an attorney in the process of buying a business. They are an essential part of the Deal Team.

 
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April 27, 2018

SBA insured loans remain one of the best and practical ways to finance a small business acquisition. Make sure your lender has SBA experience.
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April 20, 2018

Self reflection is an important first step when buying a business. The purpose to owning a business is to give you more life, not to suck the life out of you.
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