Business Opportunities Articles For Entrepreneurs & Small Business OwnersTips 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 […] The Importance of Due Diligence When Buying a BusinessBuying a business requires that you, the buyer, make an informed decision before closing the deal. Researching about the business starts the moment you are thinking about buying a business. Start making inquiries from your friends and entrepreneurs in the same industry. You should read trade and industry publications, and search the Internet. If you […] Top 10 Reasons to Buy a Business TodayWith today’s rising unemployment, there is a corresponding rise in the number of prospective buyers looking for businesses for sale. Most people dream of owning their own business, being the boss, setting the rules, controlling their lives, and earning for themselves. Starting a business can be difficult. You have to spend a lot of time […] Should You Sign a NDA when Buying a Business?There are some steps in the business for sale process that benefit both the seller and you, the buyer. These steps protect the seller from “time-wasting” buyers, and the buyer from acquiring lemons. One of the most important questions when buying a business is “Can I see your financial statements?” Numbers provide vital information to […] How Do You Choose the Right Business to Buy?There are so many types of businesses for sale. But how do you know what is the right business for you? You, your friends and family have some idea about the type of business that is right for you. Consider the pros and cons. If you make the right choice, you can have fun, fulfillment, […] How to Make Offers to Buy a BusinessYou had decided to buy a business instead of starting a new one. You chose the industry after studying the market trends and emerging opportunities for its growth. Fortunately, it is an industry that matches your skills and one that you are familiar with. You have looked at businesses for sale and narrowed your choice […] 8 Tips on Understanding the Owner of a Business for SaleIt is to the buyer’s advantage to understand the owner of the business for sale. When the seller believes you are the right person to buy the business, he or she will try to make the deal happen even to the extent of structuring the terms to accommodate you. Here are some tips on how […] Why You Need to Impress the Seller When Buying a Business?When buying a business, one would think that the pressure is on the seller to complete the sale. This is not the case. A seller is very selective about whom he or she will sell to. After investing many years in the business, struggling to build it up and making it profitable; the seller would […] What are Realistic Expectations when Buying or Selling a Business?The number of businesses sold in the market has reportedly grown significantly in the last quarter. Although this may be considered a positive development, this has yet to reverse the slump experienced in the past three years. Buying a business or selling a business these times where the economic conditions are still volatile demands from […] Top 7 Mistakes When Getting A Business AppraisedYou must avoid making these mistakes when getting a business appraised as they could cost you your business. Here are the top 7 mistakes when getting a business appraised: 1. Not considering the approaches that you can take when it comes to valuing a business – there are three approaches that you should consider and […] 5 Major Mistakes When Buying a BusinessThe one common denominator that most millionaires have is that they own their own business. Owning your own business can be a very financially rewarding experience. The thrill of being the boss and having complete control over your own destiny are the primary reasons people leave the work force to operate their own company. Owning […] |
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