Buy A Business General - 2021 Archive

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

The kind of businesses most buyers buy look nothing like GE or Microsoft. They are privately held and need hands-on attention.

Getting an agreeable deal with a seller, like a signed offer and acceptance, is only half the battle. Getting to the closing table is the next big hurdle. The better the plan, the more likely it is to happen.

As a buyer it is important to design your own Due Diligence list for examining a business.

As a Buyer you should learn as much as possible about a business in order to make an offer; but taking too much time may mean you miss out on the opportunity altogether.

Buying a business, can be daunting and a little complicated. Never try it alone. Assemble a Deal Team to help you through the process.

Before buying a business, know the difference between running a business and being self employed. One works even when you're not there, the other only works when you are there.

If you’re ready to become a business owner investing in a proven franchise makes a lot of sense. Just make sure the one you select fits your needs.

Buying a business requires understanding your specific criteria as a buyer.

Avoid wasting a lot of time looking to purchase a business that won’t be a good fit.