4 Things You Need to Do Before Buying a Business

4 Things You Need to Do Before Buying a Business

By Chad Peterson / July 3, 2015 / Comments Off on 4 Things You Need to Do Before Buying a Business

Identify Your Interests   If you have absolutely no idea what business you want to invest in, first eliminate businesses that are of no interest to you.   Consider Your Existing Talents Being honest with yourself about the skills and experience you will bring to any venture.  That can help you eliminate unrealistic businesses for…

Read More

The Quantum Leap Myth…A Seller’s Dream

By Chad Peterson / July 3, 2015 / Comments Off on The Quantum Leap Myth…A Seller’s Dream

Have you picked up the latest power ball ticket? The estimated Jackpot is over 40 Million. Although it’s a $2 investment; you are more likely to be bitten by a shark in your car driving down the highway. But it begs the question- why are so many Quantum Leap believers buying these tickets to create…

Read More

What the Ideal Buyer Expects From the Seller

By Chad Peterson / July 3, 2015 / Comments Off on What the Ideal Buyer Expects From the Seller

Step into your potential buyer’s shoes for a moment. Buyers expect the same things YOU would expect if you were them. They expect: Reasonable price and terms.  When a business is for sale, a reasonable price at fair market value is determined by other businesses in a similar industry to the one available for sale.…

Read More

The (Obvious) Advantages of Buying an Established Business

By Chad Peterson / July 3, 2015 / Comments Off on The (Obvious) Advantages of Buying an Established Business

* You don’t waste time scouting for a location. It’s already there. * You know what products the business is selling or service the business is offering. * An established customer base lets you start without pounding the pavement, looking for buyers. * An existing cash flow means you start with a realistic expectation of…

Read More

Are You Making Smart Choices When Reducing Taxes?

By Chad Peterson / July 3, 2015 / Comments Off on Are You Making Smart Choices When Reducing Taxes?

Unreported cash can be a problem for a business, though these 318,462 reasons make it easy to understand why anyone would want to reduce their tax bill.  But before hiding cash, under reporting revenue or beefing up expenses, there could be unexpected consequences every business owner should consider. Operating Capital If the owner needs a…

Read More

Small Towns Can Mean Big Business for Entrepreneurs

By Chad Peterson / July 3, 2015 / Comments Off on Small Towns Can Mean Big Business for Entrepreneurs

Main Street is not usually the first place that comes to mind when discussing entrepreneurship.  Though many major companies are headquartered in urban hubs such as San Francisco, New York, Boston and Chicago, believe it or not, Inc Magazine says that 63 percent of small business owners say smaller cities are better for small business.…

Read More

How Peterson Acquisitions Can Help Boost Your Income

By Chad Peterson / July 3, 2015 / Comments Off on How Peterson Acquisitions Can Help Boost Your Income

How do you make the most of your recent business transaction? There’s so much more to buying a business than signatures on a bill of sale, saying “Let’s Do This,” and money exchanging hands. How do you make the most of your recent business transaction? We’re here to help you with a variety of tools.…

Read More

Grooming Yourself To Sell Your Business

By Chad Peterson / July 3, 2015 / Comments Off on Grooming Yourself To Sell Your Business

Be honest with your broker Your business broker needs to learn what your expectations are, your motivations, your attitudes, and your perceptions. He must fully and completely understand why you want to sell your business. Your broker can educate you about what is happening in the marketplace if he has all the facts from you.…

Read More

When Is The Best Time vs. Right Time To Sell My Business

By Chad Peterson / July 3, 2015 / Comments Off on When Is The Best Time vs. Right Time To Sell My Business

In the life cycle of your business, you may or may not ever hit that ‘Best’ time to sell.  That comes rarely because the stars just don’t perfectly align very often and sometimes never. The absolute best time to sell is when you don’t need to, want to, or have to. Business is booming. Your…

Read More

What Steps Do I Need to Take to Become My Own Boss?

By Chad Peterson / June 22, 2015 / Comments Off on What Steps Do I Need to Take to Become My Own Boss?

Being a business owner can be thrilling, adventurous, or a pain in the neck–unless you know what you’re doing. Much of what a business broker does for you eases your transition from employee to employer. Peterson Acquisitions can help you write a business plan. Some folks “fly by the seat of their pants.” A good…

Read More