Financing can be one of the most challenging aspects of buying a business. There are more options than you may realize.
Buying a Business Newsletter - 2020 Archive - Page 5
When buying a business it is important to be thorough. When buyers get "bit" it's because of the question they never asked.
If you've never owned a business be prepared to learn new skills you've never had to use before. Don't underestimate the learning curve.
If you think buying a business sounds expensive, try starting one.
There are many factors to consider in buying a business and a few of them repeat themselves no matter what kind of business it is.
Don't be afraid to make an offer when the business looks attractive; negotiations can't begin without a starting point.
When buying a business, you don't need to be an expert at what that business does, but having a better than average understanding will put you ahead.
When buying a business the first thing you need is a sound strategy.
While business valuation is not beyond comprehension, there's no substitute for getting an experienced opinion from a broker or an appraiser.
An important question to ask when buying a franchise is the extent of training and support provided. Balance the answer with your abilities and desires.
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