Buying an established business is far much easier and less risky than starting a business from scratch and is the shortest route to realizing the dream of owning your own successful business.
Most entrepreneurs will agree that there is much more advantage to buying an existing business than to starting a new one. The main reasons most often given for this are:
It is much easier to finance an existing business – trying to finance a business startup can be very difficult
An existing successful business is less risky because it has a proven track record – you don’t have to speculate about its ability, it is already making money
An existing business is free of numerous start-up and organization problems – you don’t have to guess or use trial and error methods to see what works
An existing business has an established break-even point – when you start a new business you may operate at a loss for months or even years. On the other hand, when you buy an existing business you start making money right away.
The problem with buying a business is not knowing what you are doing.
Do you know:
- What questions to ask the seller?
- How to value the business?
- How to negotiate a business buying deal using no money down financing techniques?
If the answer to these questions is no, you will find yourself in major trouble if you attempt to buy a business by winging it as you go along!
Buying a business is one of the most important decisions you will ever make in your life, and you better know what you are doing right from the beginning. WARNING -Not knowing what you are doing can be one of the biggest mistakes you will ever make.
Sure, theirs free articles on this topic all over the internet that you can try to piece together yourself. But you don’t get the details, especially on financing business buying deals using no money down techniques.