Most individuals that consider buying a business take what I refer to as the “shopping cart approach.” They walk down the aisles of available listings, browse through the inventory and declare, “I’ll know what I want to buy when I see it.” Very rarely does this approach result in the individual actually purchasing a business. [...]
Tags: Buying a Business
1. “I can buy a business with no money down” – It’s not 2007 anymore and the days of financing 100% of the purchase price are over. In today’s economy, you will be required to inject equity into the transaction equal to 20% – 25% of the purchase price. If you are not capable of [...]
Tags: Buying a Business
Buy a business in 2010. Things are shaping up to make it one of the best years ever to do so. I offer you this advice as someone on the “inside”. I am a business broker. I spend my life engaged in activities such as valuing small businesses, planning exit strategies for business owners, locating [...]
Tags: Buying a Business
If you are considering buying a business, you do not want to miss the August 27th webcast, “Finding the Best Business for You” hosted by River’s Edge Alliance Group, LLC. This hour and a half long educational program starts at 7:30am EST and runs until 9:00am EST. The best part, you do not need to [...]
Tags: Buying a Business
YES! Contrary to the popular belief that a prolonged downturn in the economy means doom and failure to all, the sky is not going to fall in tomorrow. The best way survive and prosper is not to bury your money in a shoebox and hide in your basement. Those who succeed in post-recessionary periods [...]
Tags: Buying a Business