Buying Business Tips

Get this useful report on our Top 10 Tips for Business Buyers.

Here is an example … Inspect the business early in the process

There is no substitute for inspecting a business and talking with the owner. Until you have done this you cannot really understand the business. You might already have read a business profile or information memorandum and while this has been designed to give you a good idea about the business an inspection will put all these matters into context and you will get a much better idea about the business and how you relate to it. So before you spend too much time on a business or consign what looks like a marginal business to the discard pile ask the broker to arrange an inspection. In a small business the business usually is a reflection of the owners style and skill set, so meeting the owner in the business will often give you valuable insights into what this business would be like with a change of ownership.

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