Benchmark Business Group

Buying a Business Newsletter - Page 2

November 1, 2019

Buying a business is a little like courtship. The deeper you understand each other the harder it is for little imperfections to end it.

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October 25, 2019

While analysis paralysis is not a great recipe for successful decision making, a prospective buyer should never fail to ask enough questions to understand the business; and the seller's motivations.

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October 18, 2019

If you don't like the kind of business you are looking at and it doesn't excite you, no amount of profitability and financial soundness will overcome that.

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October 11, 2019

Want to spend a bunch of money and wait several years to get it back? Start a business. Want to spend a bunch of money and see an immediate return? Buy one.

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October 4, 2019

Preparing a business for sale should start the day you buy it. Making smart growth decisions will maximize its value.

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September 27, 2019

You can never really ask enough questions when buying a business. Gather your information, make decisions, and then take action.

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September 20, 2019

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.

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September 13, 2019

The greatest advantage in buying an existing business is a financial track record you can take to the bank. Startups can be exciting, but they have their own set of financial risks.

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September 6, 2019

The process for valuing a large business versus a small business has night and day differences. Don't make the mistake of thinking they are the same.

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August 30, 2019

There are many options for financing the acquisition of an existing business. Educating yourself on all the options will be worth your time.

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