What You Need To Know About Where To Buy A Business
It's been estimated that as many as 20% of all businesses are for sale at a given time. Many have simply not made it known.
It's been estimated that as many as 20% of all businesses are for sale at a given time. Many have simply not made it known.
Buyers should ask the "barrier to entry" question… is it cheaper and more efficient to start your own business or does a particular opportunity offer you a sufficient leg-up to warrant purchasing a business instead?
Buying a business requires understanding your specific criteria as a buyer. Write down why you want to own a business and what you are looking for in that business.
Don't just buy a business because you think you love it. Love is blind, open your eyes and ask practical questions.
Experience can be your worst teacher, unless it's somebody else's. Try buying a business that has already had some experience.
When deciding whether to buy a business or start one, think about what you will need in the way of financing. Getting a loan for an existing business is often easier than getting one to start a new business.
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.
When growth through acquisition is your strategy, make sure there's good alignment between your current business and your target.
Buying a business can be high risk, but also high reward. Take the right steps to thoroughly examine each business to ensure you set yourself up for success.
Buyers have to ask the "barrier to entry" question… is it cheaper and more efficient to start your own business or does a particular opportunity offer you a sufficient leg-up to warrant purchasing a business instead?
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