Be Cautious When Buying a Business With a Friend (Posted August 3, 2018)
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If you decide to partner with someone to buy a business, your arrangement can never be too well defined and everything should be in writing. Forget the handshake.
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Buying a Business Newsletter - 2018 Archive - Page 3
Why You Need a Good Deal Team (Posted July 20, 2018)
When buying a business there really is no substitute for having a good Deal Team on board. This may include your attorney, accountant, a business intermediary or broker, and/or a capable lender. With a little investment up front you can save multiple times in dollars and future headaches.
When Buying a Business, Consider Its Digital Assets (Posted July 20, 2018)
It's a new age. Rusty equipment has now become digital assets, and worth much more to a business in many cases.
As a business buyer, meet seller's remorse with understanding (Posted July 13, 2018)
Before we list businesses for sale, we have penetrating conversations about the sellers vision beyond the sale. Nevertheless, remorse can set in and needs to be met with understanding.
Look beyond the financials when buying a small business (Posted July 6, 2018)
Generally, you pay for a business based on what the seller has done, but decide to buy the business based on what you plan to do. There are many other attributes to a business than its financial quality of customers, quality of employees, and lifestyle it offers.
What to know before buying a business (Posted June 29, 2018)
You can't get enough good advice before buying a business. There is also plenty of bad advice out there. Know the difference; use trusted sources.
Don't sleep on the "boring" businesses (Posted June 22, 2018)
You've heard that it's often better to buy a business than start one. For even greater reasons it may be best to consider a proven franchise as your new business venture.
Be Prepared for Lease Negotiations When Buying A Business (Posted June 15, 2018)
When buying a business you sometimes are negotiating two deals: one with the seller and one with your new landlord to be. Get educated on commercial leasing issues.
Be aware of the impact to employees when buying a business (Posted June 8, 2018)
The most important assets in a business are people and processes. Look for businesses with strong processes and great people and
take care of them.
When buying a business, consider these "rules" (Posted June 1, 2018)
The three rules of business success* are: 1) Focus on revenue. 2) Never settle for second best products and services. 3) Never violate #1 and #2. *Harvard Business Review, April 2013.
