Buy A Business General

When buying a business, don't let your excitement drown out the voice of your intuition.

When buying a business it is important to be thorough. When buyers get "bit" it's because of the question they never asked.

It's important to know the strengths and weaknesses you bring to the table as a buyer. Look for businesses that are compatible with your ability to add value.

While most small businesses are sold with assets, some service businesses only have cash flow. Make sure you think through the advantages and disadvantages and make the right decision for you.

You've heard the saying "timing is everything." If you are in the market for buying a business, it would be difficult to think of a better time than now.

The negotiating and deal term experience of a broker can help you avoid a number of landmines and shortcut the process of buying a business.

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.

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.