Buying a Business Newsletter - 2025 Archive - Page 2

When buying a business, having a sense of what kind of business you are looking for and what you want to get from the business will help you narrow your search efforts.

Confidentiality is good for both the seller and the buyer, you don’t want to sabotage a revenue stream you might benefit from.

Buyers have to ask the "barrier to entry" question… is it cheaper and more efficient to start your own business or does a particular opportunity offer you a sufficient leg-up to warrant purchasing a business instead?

The most important assets in a business are people and processes. Look for businesses with strong processes then work hard to build a culture that retains them.

Successfully getting a business loan depends on the extent of your preparation for presenting your request to a lender.

The seller's finish line is the buyer's starting line. Once you buy a business, the real strategy and work begin. It's important to have a plan.

Buying even the simplest small business can be full of complications. There is no substitute for having a qualified team consisting of a broker (or intermediary), a lawyer and an accountant familiar with transaction work.

You can never really ask enough questions when buying a business. Gather your information, make decisions, and then take action.

Buying real estate along with a business has its own set of hidden operating costs. You need to factor in those costs as a separate center of liability.

Self reflection is an important first step when buying a business. The purpose to owning a business is to give you more life, not to suck the life out of you.