Benchmark Business Group

Buying a Business Newsletter - Page 27

A return on your investment

Valuing a business is very objective. The bottom line is to make sure the expected return on investment is at an acceptable level.

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Buying an online business

Buying an online business has increased risk. Understanding website back-office administration can mitigate that risk.

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Work with a business broker

Business Brokers can be a tremendously valuable asset. Leverage their expertise and their role as an intermediary to keep a deal moving forward.

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Ask about the business you want to buy

Don’t be shy when asking questions about a business you are interested in. The seller may not want to give you the information, but you have to ask. Nothing ventured, nothing gained.

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Due diligence

True due diligence happens after agreement on a price. Make your offer contingent upon your findings in due diligence.

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