Business Opportunities Articles For Entrepreneurs & Small Business Owners3 Key Tips on How to Buy a Business for Sale1. Conduct the due diligence process thoroughly Request pertinent documents from the seller. Be organized so you can cover all aspects of the business. Look over the financial records. Investigate the industry, competition, location of the business, contracts, and marketing. Observe its daily operations and employee-client interaction. 2. Seek the help of professionals Spend money [...] Buying a Business – 7 Things You Need to KnowAn entrepreneur appreciates the benefits of buying a business compared to starting his or her own business. An existing business has laid its foundation, saving the new owner time, money and effort to hurdle the birth pains of a new business. It has trained employees as well as product brands and a company name known [...] Should You Buy an Existing Business for Sale?Buying an existing business has a better chance of success than starting a new one. You avoid the hassles of building a reputation and customer base or market. It is quicker and easier. However, you need to find the right business for you. Advantages of Buying an Existing Business 1. The necessary permits and licenses [...] Buy a Business – Asset Purchase vs. Stock PurchaseBuying a business, especially if it is your first time, can be overwhelming. Will you purchase the assets of the business, or its stock? Which is more beneficial for you? There is no clear-cut answer to this question as it really depends on your circumstances. In an asset purchase, you buy the company’s assets – [...] Are You an Entrepreneur When You Own a Franchise?There is an increase in recent years of people working for themselves rather than for someone else. The economic recession is partly responsible for this as many people have lost their jobs. With some money saved, the unemployed have become entrepreneurs. They are now their own bosses. They may have bought an existing business, started [...] 10 Tips on Using an Investor to Help You Buy a BusinessHow will you go about buying a business that matches your skills and experience? Very few people have the means to buy a business without resorting to borrowing or looking for a business investor. Financing your business is an important step towards realizing your dream of owning your own company. The first source of funding [...] 10 Tips on How to Buy a Business the Right WayBuying a business is a big and life-changing decision that also involves your family. You have so much at stake – your savings, energy and time – that the buying process could be overwhelming. Buying an existing business is less risky than starting a new one. Its advantages include an existing market, trained employees, ongoing [...] Meet Customers and Suppliers Before Buying a BusinessThe success of a business depends not only on a business owner’s efforts but also on reliable suppliers/vendors and satisfied customers. It is prudent therefore for you, the buyer, to talk to the seller’s key customers and suppliers before committing to buy a business. It is usually when the purchase of the business is about [...] How to Value Inventory when Buying a BusinessBuying a business can be a complicated process. There are many areas that may cause the failure of purchase negotiations or cause animosity between the seller and buyer. One such area is the valuation of the business. Determining the worth of a business is a crucial and critical aspect of the buying process. If you [...] Top 10 Franchise Opportunities for 2012Every year-end, a publication or media organization, a group or individual comes up with a “best or worst” list for the year that is about to end. In the business world, two such annual ratings or rankings include The Top 10 Franchises by Franchise 500 and the 100 AllBusiness AllStar Franchises for 2012 by AllBusiness.com. [...] Tips to Making Your Own Decisions When Buying a BusinessBuying a business is a life changing undertaking. You will be spending years of your life tied to the business – learning the ropes, refining its operations, improving the service or products, and operating it. You have to do a lot of research, due diligence and soul searching before arriving at a decision to buy. [...] Avoid This Big Mistake When Buying a BusinessThere are many tips for business buyers on buying a business. Most business publications have articles that serve as guides so a buyer avoids making costly mistakes. These articles dwell on the various stages or phases when buying a business – making the correct valuation of the business for sale, knowing why the business is [...] Are You a Serious Business Buyer?Individuals who want to buy a business contact business brokers and sellers. How will the latter know who among these are serious buyers? Who are the “time wasters”? If you meet the following list of criteria, you are a serious business buyer. · You know what you want. As a serious buyer, you know the type [...] Just Baked Seeks More FranchiseesJust Baked, famous for its gourmet cupcakes, recently opened its commissary in Livonia. It is nearing its target to make 2 million cupcakes this year. Not only that. With four retail stores to open in Detroit this month and 5 more middle of 2012, the company is nearing its goal of 20 stores in southeast [...] What Happens After You Buy a Business?There should be no surprises after you buy a business if you thoroughly studied and investigated the business. What you should do now is to smoothly go through the transition phase as the new owner, and with the right decisions and actions, the business will thrive. After You Buy a Business … 1. Maintain the [...] Franchise Advantages – Want To Be a Franchise Owner?Franchises these days are into all kinds of businesses - food, retail, clothing, repairs, salons, spas, services, are more. The United Franchise Group has over a thousand franchises with a high percentage of success. The Palm Beach Post cites an IFA (International Franchise Association) Educational Foundation report that more than 90% of franchisee contracts are renewed. [...] 7 Negotiating Tips When Buying or Selling a BusinessA person buying or selling a business needs the temperament and correct negotiation skills to successfully close the deal. It used to be that people think you are a good negotiator if you push for what you want and you get it. This mentality is passé. Today, deals are made by parties willing to find [...] Getting the Best Terms When Buying a BusinessYou have dreamed of owning a business. Now that you have found the right one for you, negotiate to buy the business. You do not want to end up with terms that can ruin your opportunity before you even take over the business. Negotiations will evolve so you must have an open mind and a [...] 8 Tips on How to Value a BusinessValuing a business is a challenging aspect when buying a business. How can you arrive at the right price for a business for sale? Will you, the buyer, just rely on the asking price of the seller? In most cases, the seller wants a price higher than the real price of the business because the [...] How to Investigate a Business for SaleBefore deciding to buy a business, do your homework. Your investigation must begin after drawing up a shortlist of potential businesses to buy. Use the Internet and social media to learn about each business prospect. Pose the following questions to people involved in the same business: Why is the owner selling the business? What is [...] |
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