Buy A Business General - 2024 Archive

When buying a business, having a plan is essential. But flexibility is even more essential.

When buying a business, weigh the pros and cons for the areas of business that interest you. Breaking down your thoughts will help to guide you in your decision.

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.

The process for valuing a large business versus a small business have 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 is not an event but a journey. Patience and persistence will pay the biggest dividends and help prevent a bad decision. 

While it is more important to know how to run a business than to know the technical side of what the business does, it is important to at least have a basic understanding of it.

Self reflection is an important first step when buying a business. The purpose to owning a business is to give you more life, not to suck the life out of you.

With millions of baby boomer-owned businesses transitioning over the next decade, it is an optimum time to find the right business to buy.

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