As you work toward becoming a first-time business owner, you might be asking yourself, “Do I need a business plan?” If you are looking to obtain financing for a business you plan to buy, the answer is yes, you absolutely… read more »
So, you’re in the market to buy a website? That’s great news. Buying online businesses definitely its advantages. For starters, buying a website is cheaper than what you would pay for a traditional brick-and-mortar. Second, growing an already established site… read more »
Obtaining a bank loan can be a long, drawn-out process. For banks, small-dollar loans aren’t economical, and therefore, aren’t worth the time or hassle. Because of this, many entrepreneurs have started their businesses with: savings, credit cards and/or loans from… read more »
The accurate valuation of a business is critical to the business-buying process. The value of a business is what a buyer and a seller think a business is worth, based on their own criteria. Most often, a business broker hired… read more »
You’ve decided to buy an existing business, and the time has come to perform due diligence. You may think you know that this step entails, but it is critical that you are armed with as much information as possible from… read more »
Chances are, this is your first time buying a business, as well as your first and only time entering the negotiation process. Without prior experience you may not even know how good, or poor, you are at it. You’re trying… read more »
In order to get the best price possible when buying a business, like it or not, there will be negotiation involved, a skill that even the most experienced entrepreneurs often need help with. For this reason, we thought we’d share… read more »
You’ve finally closed the deal and bought yourself a business. Congratulations! Now, pay close attention to what you do, and don’t do, these next few months. This time is critical for a smooth transition, regardless of whether or not the… read more »
While buying an existing business may be less risky than starting a new business from scratch, you still need to perform due diligence to reduce risk even further. Ultimately, you’re the only person who can decide whether or not a… read more »
Buying a business is an important decision that will impact the rest of your life. At this point, you’ve done the research and know this is definitely what you want to do. You’re here because the next question you’re asking… read more »
