Buying a Business Newsletter - Page 1

Buying an existing business means you are taking over a proven business model; but improving on it will bring you your biggest reward.

When buying a business consider the opportunity you are gaining weighed against the price that is being asked. The balance must be acceptable to you.

The opportunities for entrepreneurial expression are endless and are being fueled by the "silver tsunami."

When buying a business the essential questions are the same for all. But each industry can have its own quirks that you should explore.

When buying a business it is important to think about and identify your "Deal Team." That is, your business intermediary - or Broker - your attorney, accountant, and lenders.

As a buyer, you need to sell yourself as well as negotiating the purchase.

Look before you leap - especially applies to buying a business. Plan your questions carefully.

When buying a business make sure you have a plan for what will happen post-closing so that you can hit the ground running on day one.
 

When buying a business, expect to be involved with it for a period of time to confirm that it can run without you.

The opportunities for entrepreneurial expression are endless and are being fueled by the number of businesses for sale by owners ready to retire.