Tag-Archive for Buying a Business Tips

How to Make an Offer When Buying a Business

You have been looking for the ideal business to get into for a while now, you have searched around, done your due diligence, narrowed your choices, and now you have found a business that you are ready to make an offer on. At this point, you might be wondering how to go about making your…

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Should You Take on a Partner When Buying a Business

Purchasing a business is one of the most exciting steps for an aspiring entrepreneur. Being in business for yourself gives you direct ownership of your time, and it can quickly put your life on an upward trajectory. When considering buying a business, a frequent question often comes up, “should I take on a partner for…

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Benefits of Buying an Existing Business

If you want to be in business for yourself, there are two general ways for you to get started. You can start a business from scratch and do all the initial set up work yourself, or you can purchase an existing business that has already been established. All other factors being equal, buying an existing…

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Is It Worthwhile to Purchase an Underperforming Business

If you have been looking at businesses for sale for any length of time, you are probably aware that many of those that are on the market are going to come with various challenges. There is a reason that the owner is selling, after all, and unless they are leaving for retirement, health concerns, or…

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Can You Buy a Business Without Collateral

It’s a new year, and you may be thinking that this is the time for you to finally fulfill your dream of becoming an entrepreneur. But there is just one problem; you do not have the capital available to get started. You might be able to start a low overhead business from scratch, but you…

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What You Need to Know When Buying a Business

If you are looking to become a business owner during the coming year, there are many opportunities out there. For many aspiring entrepreneurs, purchasing an existing business is preferable to starting something from scratch. With an established business, someone else has already gone through the grueling startup phase, hired employees, built up a customer base,…

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Starting a Business During Uncertain Economic Times

Every business owner loves to operate in an environment where the economy is thriving. When there is strong economic growth happening, consumers have more money in their pockets, and they have more disposable income to spend. Even when a business lacks a great product or a flawless marketing strategy, they can still do well during…

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How to Capitalize On Business Opportunities

As we all know, the coronavirus outbreak forced the temporary closure of millions of “nonessential” businesses throughout the country. We had hoped that they would only stay closed for a couple of weeks, but unfortunately, many have not fully reopened to this day. This has resulted in numerous businesses that have had to shut their…

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Is it Worthwhile to Buy a Business

As the COVID-19 pandemic (hopefully) winds down, the US economy is opening back up. No one is entirely sure what the world will look like in the wake of the coronavirus outbreak, but we do know that things will not be back to “normal” for a while. There are certain to be some permanent societal…

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Important Questions to Ask Before Hiring a Business Broker

Business owners are often very surprised to find out how complicated the sale of their business can be. Organizing financial and other important information, finding prospective buyers, keeping the sale confidential until the time is right to inform employees and customers, how much information to reveal to a buyer at each stage in the process,…

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