Tag-Archive for Buying a Business Tips

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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Major Factors to Consider When Buying a Business

Purchasing an established business is a great way for many people to get into entrepreneurship. If you can afford the upfront cost or you have the ability to finance at least part of it, you can bypass the often gut-wrenching startup phase of a business; the initial weeks and months when you put in 18…

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How to Start a New Business in 2020

The calendar has turned to a New Year and a new decade as well. We are now in the 2020s, and for those who are entrepreneurial minded, this could become a throwback to the “roaring 20s” of the 20th century. Although there are always some potential concerns, the U.S. economy is fundamentally sound, and there…

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The Importance of Having a Flexible Commercial Lease

When you are buying a business, one of the most important considerations is your location. Not only is your location key for obtaining exposure and developing your brand in the marketplace, it is also important from the standpoint of the commercial lease you will be signing. What you pay in monthly rent and related expenses…

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