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.
Buying a Business Newsletter - Page 16
While there are many business opportunities to consider, a very few preliminary questions can determine if you should move forward or cross this one off.
It is generally a good idea not to make any drastic changes to a business' operations for up to a year following the purchase. Learn how the business works before you make big changes.
When buying a business, your questions never seem to end. It helps to understand them in a few broad categories.
Buying a business can be daunting; but you miss 100% of the shots you never take.
Buying a business is not an event but a journey. Patience and persistence will pay the biggest dividends and help prevent a bad decision.
In small business lending, a well-organized and complete application is the exception not the rule. Getting professional help to put your best foot forward is a good idea.
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