Login | Join Network
Lost Password














A password will be emailed to you.

Business Buying Guide

Buying a business is less risky than starting one from scratch. Building up a business from the ground is a huge task that involves all processes like marketing, building customer base etc., which needs to start from the beginning. Buying a business is a faster way since the operations, customer base are all established and the cash flow is on.

It is not necessary that buying a business is a sure shot way to be successful. Proper research and expert guidance is required before you buy a business.

Choosing an industry that you are well experienced with is an important factor and could be the beginning of your search.

Choose the size of the business that you would like to take over. Number of employees, number of storefronts/branches, sales, etc.,

Make a note of all the documents, rights and legal paperwork that you need to check like the company’s financial statements, tax details, payroll systems, etc…

Assess the strength of the business you are looking to acquire. Communicating with existing customers and vendors will give you an overall picture of the business.

It is advisable to seek guidance from fellow entrepreneurs, your banker and attorney before you buy a business.

Once you are sure about the business and zeroed in on the one to buy, assess the value. In a guide to buying a Business, Entrepreneur says “Whatever method you use to determine the fair market price of the business, your assessment of the business's value should take into account such issues as the business's financial health, its earnings history and its growth potential, as well as its intangible assets “

If you have chosen to buy a business wisely, with a bit of hard work and patience you can be successful in running the business and making sizeable profits.

  • Print
  • Digg
  • StumbleUpon
  • del.icio.us
  • Facebook
  • Yahoo! Buzz
  • Twitter
  • Google Bookmarks
  • LinkedIn
  • PDF
  • RSS
  • email

More on Entrepreneur21.net:

Adoption of International Accounting Standards
The concept of accounting is universally applicabl...
Issues Entrepreneurs Face
Initially people use to think that, not only fores...
Faster Way to Finding New Customer
For a business startup, an effective way to bring ...
Peter Sahin, South County Law Group
Peter Sahin, owner and founder of the South Count...
Rod Clark - Marketing Director of Teradek
Southern-California-based Teradek, which produce...
Justin Chapman of Pilot Whirly Bird Films
As CEO and model helicopter pilot with Whirly Bi...

Leave a comment

Disclaimer: All pages within GenMembers network are expressions of the opinions of the site operator only, and no representation of factual accuracy is being made. The content is intended to create interest in various topics for our readers, who are in turn encouraged to conduct their own independent research. This site is not related to: Entrepreneur Media, Entrepreneur Magazine, Entrepreneur of the Year, Entrepreneur's Partner, Hispanic Entrepreneur, Entrepreneur.com, Entrepreneurs.com Entrepreneur's Only, The Entrepreneur's Source, Entrepreneur's Notebook or any of the many companies that use the word entrepreneur in there trade name. Please see our website Terms of Use for further information concerning your use of the site.