Posts Tagged ‘Buying a Business’
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…
Read More5 Ways to Start or Buy a Business Without Any Money
What a tragedy that so many great businesses ideas are never executed for want of one critical resource: money. Many would-be entrepreneurs believe it’s impossible to start a business without investing large amounts of your own cash. But that’s not necessarily the case. If you have a killer idea and the persistence and ingenuity to…
Read MoreSo You’ve Bought a Small Business: What’s Next?
If you’ve just bought a business then the next few months is a critical period for you and your newly acquired enterprise. First impressions count, so it’s your chance to win the respect of your new charges, suppliers and customers. Bodge the transition and you could lose key staff or contracts, so here are some…
Read MoreWhy Start a Business When You Can Buy One?
Many of us dream of starting a business and becoming masters of our own destinies. However, with the endless negative statistics on start-up failure rates, it’s little wonder that we put those dreams aside and go back to the day job. While the vision of a buzzing artisan coffee shop or bijou boutique may be…
Read More5 Things to Consider When Buying an Existing Business
Buying an existing business is a whole other ball game than starting your own firm. There is an established financial condition, including existing debt. There is an established customer base, location, and business credit score. There is much to consider, and it can be totally overwhelming. Here are some things to consider: Third Party Financial…
Read MoreThink the Economy’s Headed South? 10 Recession-Proof Small Businesses
I don’t like to be an alarmist, but I continue to believe that we live in very unsettled economic times. There are some major unknowns that could push the economy south quickly and in a major way, such as: The price of Apple stock. If it tanks, it might be like a second Internet bubble…
Read MoreTop 5 Reasons to Buy a Franchise
Ah, the life cycle of a career; it is interesting to see the various paths people take. The bright-eyed graduate: Entering the world of employment The professionally growing employee: Harnessing and developing skills and maybe burning the midnight oil The relocated employee: Trying something new and in a different environment The downsized, unemployed or employee…
Read MoreFranchise and Independent Business: Would You Swap?
Robin had her own cleaning service. She operated out of her apartment, but planned to own a building in the future. When she signed on more clients than she could handle, she recruited friends and relatives to help. They didn’t know everything Robin knew—like what kind of cleaning supplies to use on granite and marble…
Read MoreWhy There’s Never Been a Better Time to Buy a Fitness Business
It seems like nearly everyone who loves to work out harbors a dream of opening their own gym or fitness studio and creating the perfect environment for other fitness fans to enjoy. Of course, the reality of creating that perfect environment involves starting and running a real business, so it’s a bit more complicated than…
Read MoreHow to Buy an Online Business
