Benchmark Business Group

Buying a Business Newsletter - Page 3

July 3, 2019

When you buy an existing business with a proven track record you are buying an existing cash flow with proven services to a known market. If you run it at least as well as the seller, it pays for itself.

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June 28, 2019

A message to first-time business buyers: owning a business has risk. You can minimize it, but never eliminate it. If you can't handle risk, don't do it.

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June 21, 2019

Numbers don't lie. Just make sure you are looking at the right numbers. One sign of a well-run business is the condition of its financial documents.

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June 14, 2019

The history of a business is a good, but not the only, predictor of future performance. It's important to look at how an industry as a whole will do in the future.

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May 23, 2019

Franchises vary widely in the level of training and support they provide. If you're thinking of buying a franchise, talk to other franchisees about their experience with training and support.

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May 23, 2019

No business is without risk. Do an effective investigation, or due diligence, but at a certain point, you need to listen to your instincts. If you do not want risk, don't buy a business.

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May 23, 2019

You've heard the saying "timing is everything." If you are in the market for buying a business, it would be difficult to think of a better time than now.

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May 17, 2019

As with most things, there are advantages and disadvantages to buying a business. With the right advice you can help ensure the advantages significantly outweigh the disadvantages in any particular case.

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May 10, 2019

There are a wide variety of funding options for buying an existing business with a good track record. The primary concern of most lenders is whether that track record can be repeated into the future.

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May 3, 2019

How and when to inform employees of a change in ownership is a question of careful strategy and planning. It's a key issue to be worked out between seller and buyer.

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