Buying a business is not an event but a journey.
Buying a business is not an event but a journey. Patience and persistence will pay the biggest dividends and help prevent a bad decision.
Buying a business is not an event but a journey. Patience and persistence will pay the biggest dividends and help prevent a bad decision.
In small business lending, a well-organized and complete application is the exception not the rule. Getting professional help to put your best foot forward is a good idea.
With the large number of businesses expected to hit the market in the next few years, it would seem like a buyer's market is emerging. However, the number of quality businesses available is another matter.
Buyers need to learn as much as possible about a business to make an offer, and sellers need to know as soon as possible if a buyer is serious. Don't wait too long to make an offer.
If you want to buy a business and you have never owned one, you need to reflect long and hard on your readiness to lead.
Before buying a business, know the difference between running a business and being self employed. One works even when you're not there, the other only works when you are there.
Going from employee to business owner is a big step; prepare as well as you can but be ready for the unpredictable.
When buying a business do your homework, do your research. But at the end of the day you'll come to a point where you have to say deal me in or deal me out.
When buying a business do your homework, do your research. But at the end of the day you'll come to a point where you have to say deal me in or deal me out.
It's important to have a good idea of what you want in a business, but keep an open mind along the way; opportunity can smack you in the head.
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