When choosing a business broker, look for: experience, professionalism, and a good reputation.
Buying a Business Newsletter - Page 24
Knowing how to run a business and knowing how to do the technical work of the business are two completely different skill sets.
In most businesses the customer is always right. When buying a business the seller has to be sold on you.
When starting a business there is no cash flow on day one. When buying a business there is. It's that simple.
When buying or selling, emotions run high. Having a 3rd party facilitator can be the difference between a deal and no deal.
Under certain conditions the law allows the use of your 401k to buy a business without penalty.
You are far more likely to excel in a business you can be passionate about.
Learn enough about a business to decide whether or not to make an offer, but make your offer subject to the rest of what you need to know.
It takes a very wise business owner to become a student of the business and get professional coaching.
Ordinarily, a business should pay for itself if it produces like the sellers' last three years.
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