As a buyer, you need to sell yourself as well as negotiating the purchase. We see this in our coaching clients too,they need to trust who they are talking with.
Buying a Business Newsletter - Page 19
There are very clear attributes that make businesses worth more or less. Learn what they are when looking to buy a business.
Buying a business can be an emotional event; it's exciting and hopes can be high. Take the time to ask all of the important questions before making your final decision.
Owning a business for the first time is like having a child for the first time... you have no idea how life changing it will be.
It may be as expensive in direct costs and delayed opportunity to grow organically as it is to simply spend the money on a strategic acquisition to grow your business. Do the numbers.
Starting a business can have many hidden or unexpected costs; buying a business can enable you to learn from prior owners' mistakes.
Have you heard "There's no such thing as a stupid question?" Nowhere does that apply more than when buying a business.
From the perspective of the availability of bank financing, it's a great time to buy a business; and your chances of getting financing are much better with professional help.
There are many questions that should always be asked when buying a business, but at a certain point a decision must be made.
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