Key Steps To Successfully Buying a Business
Buying a business in a systematic way will save you time and money.
Buying a business in a systematic way will save you time and money.
When buying a business you are bound to have lots of questions. But knowing which ones to ask to get to the important answers is the key.
Buying a business is a process. But being prepared with what to expect will help you feel at ease.
When preparing to buy a business, make sure you know both the high and low ends of what you are willing to spend. Then you will feel more comfortable when the negotiating begins.
The process of buying a business can teach you how to sell it in the future.
Buying an existing business means you are taking over a proven business model; but improving on it will bring you your biggest reward.
When buying a business consider the opportunity you are gaining weighed against the price that is being asked. The balance must be acceptable to you.
Buying an existing business with a proven track record may be less risky than starting a new business.
Under the CARES Act, the SBA will cover all loan payments, including principal, interest, and fees of new and existing loans for six months for any eligible loan made prior to September 27, 2020. See your lender or the SBA for complete details.
While this may seem like an odd time to buy a business, it might just be the best time to seize the opportunity you’ve been waiting for.
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