Why Is Confidentiality So Important?
Confidentiality is good for both the seller and the buyer, you don’t want to sabotage a revenue stream you might benefit from.
Confidentiality is good for both the seller and the buyer, you don’t want to sabotage a revenue stream you might benefit from.
There is no “right” time to buy a business but knowing what factors will affect the industry you are looking at is just smart practice.
When buying a business it is important to be thorough. When buyers get "bit" it's because of the question they never asked.
If you've never owned a business be prepared to learn new skills you've never had to use before. Don't underestimate the learning curve.
When buying a business, you don't need to be an expert at what that business does, but having a better than average understanding will put you ahead.
When buying a business the first thing you need is a sound strategy.
An important question to ask when buying a franchise is the extent of training and support provided. Balance the answer with your abilities and desires.
There are thousands of questions one could ask when buying a business. But they all come down to basic categories such as: earnings over time, stability of employees, and customer and vendor relationships.
A good place to start when buying a business is to reflect on your own motivations, lifestyle needs, and what drives your energy. A business that ticks all the boxes for you will be much less of a challenge.
When growth through acquisition is your strategy, make sure there's good alignment between your current business and your target.
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