"Looking" To Buy A Business Rarely Results In A Purchase
Buying a business can be daunting; but you miss 100% of the shots you never take.
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.
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.
Knowing who you are, how you work and what will be the best fit for your life should help guide your decision making when buying a business.
Receive Buyer Insights by email