If you are a prospective buyer, you want to find a business you like and in which you feel comfortable.  You have a vision of being your own boss and calling your own shots.  The first question is important and sometimes overlooked. GENERAL INFORMATIONHow do you know you are buying the ri

Coping with stress is a skill business owners must develop, as stress generally increases along with the responsibilities of owning a business. How you deal with the stress is the key.  It is important to remember that there is good stress, which is positive and can enhance performance, and neg

Accepting risk is central to everything worthwhile in life, and there is simply no way to improve your lot and avoid risk.  Becoming a business owner is taking a risk, which can develop real power, gain prestige, and acquire great wealth.     It is surprising how limited people&rsquo

People go into business for various reasons, including but not limited to, financial independence, job security, control of destiny, investments, tax advantage, lack of suitable job opportunities, and freedom.  As a prospective buyer, you have a vision of being your own boss and calling your ow

When you decide to become a business owner, you probably have an idea of the type of business you want to purchase.  Some buyers start looking, knowing the type they do not want.     There are many things you look for to make it right for you.  You want it to be something of

If you are searching for a business to purchase, you will be able to see generic information about the types and sizes of businesses in which you might be interested.  When you find one that seems to fit your expectations, you will sign a Confidentiality Agreement, allowing a business broker to

Business owners make decisions about the business every day.  You write a business plan to follow, so things will go smoothly for you and your business, with mostly normal days.  That is what we all hope for, but it is important to be prepared for any unexpected problem. Change happens, s

After all the decisions have been agreed upon, it is finally time to prepare for the closing.  Although an attorney will prepare the closing documents, it is important to be prepared and understand what to expect.  An advantage of buying an ongoing business is that the business continues t

A buyer purchases a business based on the financial history of the business, so good financials of a business that is performing well and has growth potential are important to see if there will be a good return on the investment.  Many purchasers of businesses know very little about finances an

Whether you are a business owner or someone considering the purchase of a business, it is important to look at the strengths and weaknesses of the business.  This will help you find ways to make it grow and be more successful as you make plans for the future.   Good communication is essen


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