For businesses with seasonal activity look for opportunities to expand a business’ offerings to eliminate seasonality. #buyabusinessiowa
Buying a Business Newsletter - Page 26
Understand the culture of the business you are looking at and know what your leadership style will need to be.
The only bad question when doing due diligence is the one you didn’t ask. Be thorough and get help from a #iowabusinessbroker.
When buying a business ask what the owner would do to grow it if they kept it. Don’t just rely on your own ideas.
Today's lending environment is optimal for buying a business. There is a pent up demand for good loans and interest rates are reasonable.
Seller financing helps to ensure that the seller is invested in your success as a new owner.
Cash poor buyer? Leverage your personal resources (home equity, 401K, etc.) to come up with your down payment.
When looking for a business to purchase, know in advance what you want to do with the business: grow it or leave it as is.
When working with your professional advisory team, set the expectations early and remember that they work for you.
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