If you don't like the kind of business you are looking at and it doesn't excite you, no amount of profitability and financial soundness will overcome that.
You can never really ask enough questions when buying a business. Gather your information, make decisions, and then take action.
The process for valuing a large business versus a small business has night and day differences. Don't make the mistake of thinking they are the same.
For a buyer the question of the amount being paid is not about the amount of money so much as it is the opportunity being acquired.
Buying a business can be like a relay race. Part of the success is in the smooth hand off of the baton.
Having success in buying a business is less about timing than doing it right. But some times are better than others, and 2019 is a great time for buying.
Experience can be your worst teacher, unless it's somebody else's. There are many examples of what hasn't worked in buying a business that are worth observing.
A message to first-time business buyers: owning a business has risk. You can minimize it, but never eliminate it. If you can't handle risk, don't do it.
Numbers don't lie. Just make sure you are looking at the right numbers. One sign of a well-run business is the condition of its financial documents.
The history of a business is a good, but not the only, predictor of future performance. It's important to look at how an industry as a whole will do in the future.
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