How To Buy A Small Business
If you like a business, don't be afraid to make an offer with the appropriate contingencies. This will begin the process that will allow you to dig a little deeper.
If you like a business, don't be afraid to make an offer with the appropriate contingencies. This will begin the process that will allow you to dig a little deeper.
The opportunities for entrepreneurial expression are endless and are being fueled by the "silver tsunami."
It's important to have a good idea of what you want in a business, but keep an open mind along the way; opportunity can smack you in the head.
If you're thinking of buying a business, educate yourself on ownership and seek expert advice.
It is standard business practice for brokers to request Non Disclosure Agreements from buyers on behalf of their seller clients. For convenience and efficiency, the NDA may cover any businesses shown to the buyer by the broker.
Look before you leap - especially applies to buying a business. Plan your questions carefully.
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.
Having a clear understanding of the drivers of business value is the lens through which you should look at any business you hope to purchase.
Even if you intend to be an owner/operator of the business you buy, you need to make sure you spend time working ON your business, not just IN it.
When buying a franchise, it is important to ask about the extent of training and support provided. Balance the answer with your abilities and desires.
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