Confidentiality is good for both the seller and the buyer, you don’t want to sabotage a revenue stream you might benefit from.
Buying a Business Newsletter - Page 3
There is no “right” time to buy a business but knowing what factors will affect the industry you are looking at is just smart practice.
Buyers should be cautious to ask about the existence of liens against a business. You may be doing the seller a favor by asking early.
Financing can be one of the most challenging aspects of buying a business. There are more options than you may realize.
When buying a business it is important to be thorough. When buyers get "bit" it's because of the question they never asked.
If you've never owned a business be prepared to learn new skills you've never had to use before. Don't underestimate the learning curve.
If you think buying a business sounds expensive, try starting one.
There are many factors to consider in buying a business and a few of them repeat themselves no matter what kind of business it is.
Don't be afraid to make an offer when the business looks attractive; negotiations can't begin without a starting point.
When buying a business, you don't need to be an expert at what that business does, but having a better than average understanding will put you ahead.
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