Are you ready to be your own boss? Are you ready to get up in the morning and fight like a lion to make it happen? Are you ready to make no excuses and find solutions? Are you ready to feel like you are going to make it against...
Unless you are wealthy or some rich relative or friend is anxious to lend you money to embark on this new venture–owning and operating your own business–chances are good you’re going to need financing from a bank or financial institution. The very thought of going though the loan process...
Accurately valuing a small business can be challenging for prospective business buyers, but it is an important part of the selling process that encompasses many elements of business valuation. Cash Flow – In real estate, a buyer’s main focus is location. In business acquisitions, it is cash flow. Small...
So you want to be an entrepreneur, but don’t have an idea you want to pursue? Then you may be a great candidate to buy an existing business. Buying an existing business may involve more cost upfront, but it also represents less risk than starting from scratch. One advantage...
If you’ve ever thought about buying a business, you’re one of many people who have dreamed of being their own boss. Buying a company could be one of the best decisions you ever make, one that leads to independence and the potential for big rewards. But running your own...
Time to Prepare Your Opportunity Plan? Unless you are in the market for an investment opportunity, buying a business is not about examining a set of financial statements and acquiring a long list of assets. It is about your life. Before you start looking at specific businesses, perhaps you...
So you want to buy a car? You are ready for a new ride so out with the old and you go searching for a new vehicle. You don’t want a brand new one that would cost $50,000. Buying used makes sense, since you want to retire one day...
Almost as many songs have been written about ‘time’ as have been written about ‘love.’ Why? Because time—either too much, or too little–can make all the difference in many things, including a love affair or a business deal. Take that business deal for example, a buyer is excited about...
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...
* 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...
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