While most small businesses are sold with assets, some service businesses only have cash flow. Make sure you think through the advantages and disadvantages and make the right decision for you.
Buying a Business Newsletter - Page 5
For first timers, spend your first few months being a learner or observer, don't change much.
An experienced Deal Team will help you through the process of buying a business. Don't be afraid to ask them the most basic questions.
Look before you leap is great advice when buying a business. Construct your questions to get the answers you need to keep moving forward.
When buying a business, having a plan is essential. But flexibility is even more essential.
Confidentiality is good for both the seller and the buyer, you don’t want to sabotage a revenue stream you might benefit from.
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.
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