Purchasing an existing franchise is what’s known as a franchise resale. Many entrepreneurs are attracted to these types of sales because you can buy into the franchise for a lower price than if you were to start from scratch with the brand. Although it’s easy to get excited to inherit someone else’s good fortune, there’s […]
Buying a Business
How to Find a Small Business for Sale
For business-savvy individuals who are tired of working for someone else, buying a small business can represent an opportunity to achieve freedom and financial independence. But before you can own a business, you have to know where to look for one. Four Ways to Find a Company That’s for Sale Buying a firm isn’t really […]
Thinking About an Acquisition? What Are Your State Exposures?
Thinking About an Acquisition? What Are Your State Exposures? A Company may be in the process of either acquiring another company or are looking to be acquired themselves. In either case, the company wants to be aware of any potential state tax exposure areas, so they can move forward appropriately. Often however, the due diligence […]
Thinking About an Acquisition? What Are Your State Exposures?
Thinking About an Acquisition? What Are Your State Exposures? A Company may be in the process of either acquiring another company or are looking to be acquired themselves. In either case, the company wants to be aware of any potential state tax exposure areas, so they can move forward appropriately. Often however, the due diligence […]
Missed Expectations and the 80% Acquisition Rule
Eighty percent of all businesses purchased by another company or by a new investor-operator fail to meet the stated expectations of the buyer after one year. As with the fifty percent rule discussed last week (fifty percent of startups fail within two years), this rule is hard to find an author willing to be quoted […]
How to Catch the Attention of a Business Seller
The first step towards buying a business is reaching out to the seller. When this is a serious inquiry, you should be sure to pitch it in the right way. If you’re too casual, the vendor will suspect you could be a time-waster, and too intrusive and demanding could be labeled as being an arrogant […]
What Transferrable Skills Can Help You Buy and Run a Business?
When you are looking to purchase a business to run, you should not necessarily consider your lack of experience to be an insurmountable barrier. The reality is that you are almost certain to have acquired a range of transferable skills which will prove just as useful as any role-specific talents you may feel you lack. […]
Purchasing a Franchise: What Are Your Financing Options?
For individuals seeking the rewards of entrepreneurship but looking for a safer bet when launching into the business space, purchasing a franchise is a great route to go. Some even refer to franchises as a paint-by-number business. You get the proven game plan from the franchisor and then implement their rock-solid system. This route is […]
Best Ways to Research Before Buying a Franchise
Buying a franchise is a big decision. Since this decision will be one of the largest you will most likely ever make, you will want to consider the fact that a successful franchise, with a proven record of success, could serve as a shortcut towards creating the successful business you desire. Buying a franchise is […]
10 Questions Every Business Buyer Wants Answered
A business broker will tell you that putting yourself in a buyer’s shoes will get you a long way towards a successful business sale. To support your sale preparations, here’s a rundown of 10 common questions asked by business buyers, together with some sensible answers that will put your business in the best possible light […]
