Buy A Business General - 2017 Archive

For transition purposes, buyers usually want sellers to stay in the business longer than necessary, then want them to leave sooner than agreed. This part of the transaction deserves great thought.

When buying a business, learn to love your competitors. They will teach you what to do and what not to do with your own business.

Buying a business is a major event for anyone. Follow some very methodical guidelines to know what you're getting.

Evaluating a business opportunity starts with a powerful tool: a mirror.  Are you right for this and is it right for you?

Owning a business can be a very freedom-consuming activity or the most freeing experience of your life; prepare yourself to design it to work for you not just because of you.

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.

Having a clear understanding of business best practices and drivers of business value is the lens through which you should look at any business you hope to purchase.

Sometimes experience is your worst teacher, unless it's somebody else's. Study the experience of others who have purchased businesses.

Don't just buy a business because you think you love it. Love is blind, open your eyes and ask practical questions.