- Home
- Business 2.0
- Sales
- "How to buy a business and sell a business" - Vital question you need to ask yourself
"How to buy a business and sell a business" - Vital question you need to ask yourself
"How to buy a business and sell a business" - Vital question you need to ask yourself
Over the years of buying and selling businesses we have witnessed both "sides of the fence", the good and the bad.
As we have observed over the years business brokers are typically about the seller and not the buyer. The main reason, their commission! I know this because I have been doing this for over thirty years now and have seen many prospective business buyers and sellers make very costly all too costly mistakes.
Now that I am retired(but still active in the business brokers world), I have lots of time to reflect on all of the mishaps and pitfalls most people make when buying or selling a business.
When buying or selling a business there are some very important things to keep in mind such as:
- The business broker is looking for there commission PERIOD!
- Use ALL financial reports, statements, and tax returns from at least five years if not 10 years ago. This helps you determine economic trends for the business as well so you will be better prepared for what lies ahead should you buy a business.
- There are less buyers in the current economic state. This gives the buyer of the business a little more leverage.
- Understanding the reasons why a business owner is selling their business is also another great leverage point.
- Gathering all data and info of ACTUAL value of business assets, inventory, employees, payroll, marketing and advertising budgets as well. This will let the business buyer understand thoroughly and be prepared for what their estimated cost projections will be from month to month just to keep the business running.
- Alway
s weigh your options for creative financing of business. You can usually work out exceptional deals with very flexible criteria.
- Always have your own team of lawyers and consultants ready to examine all documents before even drawing up a contract for purchase.
Whatever you do, do not EVER think that you can handle every aspect of analyzing and preparing a business for purchase or sale properly. There are a myriad of aspects to be analyzed, documents
created, and red tape to go through and it can be very overwhelming.
This is where our exclusive "How to buy or sell a business successfully" package comes into play. Our package includes
a comprehensive and very thorough book in a very easy to read and understand Q & A format. We also are providing to fast track to business buying and selling success guides, jam packed with even more proven and time tested tactics. Our package is also including business buying and selling forms and worksheets, which you can use right now to purchase or sell a business.
To top it off we are providing an exclusive half an hour long business valuation and consultation to even further cover ALL the questions you will have.
Arm yourself with the proper "weapons" when looking to buy or sell a business, our package is providing you with all the proper tools and knowledge so you can make a HIGHLY educated decision and avoid all of the major pitfalls of buying and selling a business.
This package in the short and long run, will ultimately save you quite possibly your life savings, that is of course, you are serious about buying or selling a business.
Till next time,
Jay
Take Part in Our Exclusive "How to buy businesses" and "Sell businesses" successfully package Pre Launch Event
http://www.businessbrokeragesecretsrevealed.com
Over the years of buying and selling businesses we have witnessed both "sides of the fence", the good and the bad.
As we have observed over the years business brokers are typically about the seller and not the buyer. The main reason, their commission! I know this because I have been doing this for over thirty years now and have seen many prospective business buyers and sellers make very costly all too costly mistakes.
Now that I am retired(but still active in the business brokers world), I have lots of time to reflect on all of the mishaps and pitfalls most people make when buying or selling a business.
When buying or selling a business there are some very important things to keep in mind such as:
- The business broker is looking for there commission PERIOD!
- Use ALL financial reports, statements, and tax returns from at least five years if not 10 years ago. This helps you determine economic trends for the business as well so you will be better prepared for what lies ahead should you buy a business.
- There are less buyers in the current economic state. This gives the buyer of the business a little more leverage.
- Understanding the reasons why a business owner is selling their business is also another great leverage point.
- Gathering all data and info of ACTUAL value of business assets, inventory, employees, payroll, marketing and advertising budgets as well. This will let the business buyer understand thoroughly and be prepared for what their estimated cost projections will be from month to month just to keep the business running.
- Alway
- Always have your own team of lawyers and consultants ready to examine all documents before even drawing up a contract for purchase.
Whatever you do, do not EVER think that you can handle every aspect of analyzing and preparing a business for purchase or sale properly. There are a myriad of aspects to be analyzed, documents
created, and red tape to go through and it can be very overwhelming.
This is where our exclusive "How to buy or sell a business successfully" package comes into play. Our package includes
a comprehensive and very thorough book in a very easy to read and understand Q & A format. We also are providing to fast track to business buying and selling success guides, jam packed with even more proven and time tested tactics. Our package is also including business buying and selling forms and worksheets, which you can use right now to purchase or sell a business.
To top it off we are providing an exclusive half an hour long business valuation and consultation to even further cover ALL the questions you will have.
Arm yourself with the proper "weapons" when looking to buy or sell a business, our package is providing you with all the proper tools and knowledge so you can make a HIGHLY educated decision and avoid all of the major pitfalls of buying and selling a business.
This package in the short and long run, will ultimately save you quite possibly your life savings, that is of course, you are serious about buying or selling a business.
Till next time,
Jay
Take Part in Our Exclusive "How to buy businesses" and "Sell businesses" successfully package Pre Launch Event
http://www.businessbrokeragesecretsrevealed.com
Tags & Keywords : buy a business, business brokers, business broker, buy business, business broker
| Business Broker |
Share this article:
Comments
|
||
