Buying a Business Newsletter

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.

Getting an acceptable letter of intent is a conversation changer in the sales process. It is a time to be both patient and open-minded as specific deal terms will now be discussed.

Buying a business can be daunting; but you miss 100% of the shots you never take.

When buying a business, your questions never seem to end. It helps to understand them in a few broad categories.

Starting a business can have many hidden or unexpected costs; buying a business can enable you to learn from prior owners' mistakes.

There are many alternative funding options when buying a business. Carefully weigh the pros and cons to ensure a good fit for the level of risk you are willing to take.

It's a new age. Rusty equipment has now become digital assets, and worth much more to a business in many cases.

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

Financing can be one of the most challenging aspects of buying a business. SBA insured loans remain one of the best and practical ways to finance a small business acquisition.

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 often be more expensive.