Buy A Business General

Buying a business can be like a relay race. Part of the success is in the smooth hand off of the baton.

If you currently own a business and decide to grow by acquisition, be mindful of the cultural changes that could occur within your existing business as a result.

For almost every rule there is an exception. In law, there are almost no absolutes. Getting competent legal assistance when buying a business is a must.

With the large number of businesses expected to hit the market in the next few years, it would seem like a buyer's market is emerging. However, the number of quality businesses available is another matter.

Buying a business is not an event but a journey. Patience and persistence will pay the biggest dividends and help prevent a bad decision.

Knowing yourself and what you like and don't like is an important starting point for buying a business. Success in business will take all the passion you can muster.

When buying a business, don't let your excitement drown out the voice of your intuition. Use a checklist to guide you through the process.

When buying a business, having a plan is essential. But flexibility is even more essential.

When buying a business, weigh the pros and cons for the areas of business that interest you. Breaking down your thoughts will help to guide you in your decision.

In the best businesses systems run the business and people run the systems. Having a great team is critical to systems mastery and innovation. The combination is critical to business success.