Benchmark Business Group

Buying a Business Newsletter - Page 4

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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April 26, 2019

There never really is a bad time to buy a business, but some times are better than others. This year is one of them. Business quality is good, lending is favorable, and there are some very good choices out there.

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April 19, 2019

The process of buying a business can take time. Being organized and having your Deal Team in place will speed things up.

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April 12, 2019

Buying even the simplest small business can be full of complications. There is no substitute for having a qualified team consisting of a broker (or intermediary), a lawyer and an accountant familiar with transaction work.

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April 5, 2019

When buying a business, heed the advice of Michael Gerber, Author of The E-myth Revisited, and be prepared to work ON your business, not just IN it.

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