Buying a Business Newsletter - Page 34
Don't be afraid of the negotiation process... be prepared.
To make buying a business a win-win, you first need to ask questions and listen carefully to the sellers motivations.
How to Qualify for a Small Business Loan
Like many things in life, successfully getting a business loan depends on the extent of your preparation for presenting your request to a lender.
How to Buy the Right Business for You
Don't just buy a business because you think you love it. Love is blind, open your eyes and ask practical questions.
Be respectful when buying a business - it does matter.
As a buyer, you need to sell yourself as well as negotiating the purchase. We see this in our coaching clients too,they need to trust who they are talking with.
Do you know what makes a business more valuable?
There are very clear attributes that make businesses worth more or less. Learn what they are when looking to buy a business.
What is important to know when buying a business?
Buying a business can be an emotional event; it's exciting and hopes can be high. Take the time to ask all of the important questions before making your final decision.
Are you ready for a change?
Owning a business for the first time is like having a child for the first time... you have no idea how life changing it will be.
Growing your business through acquisition may be a good option.
It may be as expensive in direct costs and delayed opportunity to grow organically as it is to simply spend the money on a strategic acquisition to grow your business. Do the numbers.
How much risk are you comfortable with?
Starting a business can have many hidden or unexpected costs; buying a business can enable you to learn from prior owners' mistakes.
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