When you buy a business you are buying a history. When you start a business you are buying speculation. Most of the time, buying a business will cost you less.
All business owners and leaders need the time and space to work on business strategy. We firmly believe that a business is getting the exact results that it has been designed to get, which means if you want better results you must start with a better design. Below are a collection of business articles on business strategy from our weekly Business Owner Insights.
In preparing to buy a business, make sure you have a solid written story of your capabilities to own and operate a business; the Seller and lender have to buy you.
Other than buying a business, there is no place you can put your money to receive high rates of return, with control over the outcome.
It is a mistake to rely solely on your long-time bank to finance your new business acquisition; about half the time you will be disappointed at the response.
Smart business owners use the services of a business coach; when buying a business, it will significantly increase your chances of success.
When you buy a business, run it like it had been run for a while before making any major changes; get to know it first. #buyabusinessiowa
In the current economy, a banker’s best investment option is a good loan to a strong borrower. #buyabusinessiowa
When buying a business look at the quality of the earnings. How sustainable & repeatable are they, what factors make them volatile?
It's most often cheaper to buy a business than to start one.
Many businesses that delayed in selling during the recession are now healthy and interested in selling.