What You Need To Know Before You Buy A Business
There are many rewards to being a business owner. Make sure to seek advice from professionals about the risks associated with business ownership.
Stepping Into a Business Culture
How to Assure a Smooth Transition When Buying A Business
For first timers, spend your first few months being a learner or observer, don't change much.
What Happens After You Buy The Business?
When buying a business, having a plan is essential. But flexibility is even more essential.
Know What You Will Do After The Deal Is Done
The seller's finish line is the buyer's starting line. Once you buy a business, the real strategy and work begin. It's important to have a plan.
Communicating With Employees When Buying a Business
How and when to inform employees of a change in ownership is a question of careful strategy and planning. It's a key issue to be worked out between seller and buyer.
Are you interested in buying the business you work for?
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While buying the business you work for has its own special challenges, many of the issues are the same whether you worked for the previous owner or not.
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Be aware of the impact to employees when buying a business
The most important assets in a business are people and processes. Look for businesses with strong processes and great people and
take care of them.
Are You Ready to Buy a Business?
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.
Why a smooth ownership transition is critical.
It is generally a good idea not to make any drastic changes to a business' operations for up to a year following the purchase. Learn how the business works before you make big changes.
A business owner must also be a leader
If you want to buy a business and you have never owned one, you need to reflect long and hard on your readiness to lead.
