Buying a Business Newsletter - Page 8

Look into alternative funding options when buying a business. But be sure you know all the pros and cons before jumping in.

Having success in buying a business is less about timing and more about knowing how to do it right.

When buying a business that you want to run absentee, you should still plan to be involved with it for a period of time to confirm that it can run without you.

Due Diligence is a critical part of buying a business. Knowing what to expect will help you be prepared to successfully navigate the process.

When buying a business the due diligence process can seem overwhelming. Prioritizing what is important will save you time and energy.

When buying a business a good Deal Team can save you dollars and future headaches. Their experience in business transactions is worth the investment.

The best time to buy a business is when you can be passionate about the idea. If you're lukewarm - or undecided - keep your job.

There are many options for financing the purchase of a business. Do thorough research on the opportunities that exist until you find the one that is the best fit for you.

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.

Financial documents can be confusing even to someone with experience in reading them. When buying a business you should source a broker, accountant or other experienced financial advisor to better understand them.