Archive for Business Buyer Tips

Advantages of Owning Your Own Business

Many people want to be in business for themselves. However, they have been warned repeatedly about the pitfalls of starting their own business, which causes them to stay in a comfortable job with steady, predictable income. While it is true that having your own business is risky, it also provides opportunities that you may never…

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Profitable Businesses to Buy

The U.S. economy is starting to pick up steam, and the elimination of numerous federal regulations along with the recent passage of tax reform have created a much friendlier business environment. The tax rate for C corporations was lowered from 35% to 21%, a rate reduction of almost half. Pass-through corporations such as sole proprietorships,…

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Lucrative Businesses to Start in the New Year

2017 has seen resurgence in the U.S. economy. In the past year, the stock market is up more than 25%, and GDP growth exceeded 3% for the Second and Third quarters, the first time we have seen two consecutive quarters of 3% + growth since 2014. The numbers are not in yet for the final…

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Common Pitfalls To Avoid When Buying a Business

Going into business for yourself is one of the most exciting steps you can take. The right business is something you will be passionate about that will provide the income to live the lifestyle you want to have. Along the way, however, there is a lot of hard work to buying a business. This is…

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Five Reasons to Buy an Existing Business Over Starting One Up

Starting a business can be a life changing experience. Having a business can provide the freedom to set your own hours, and the income potential to live the life you want. The challenge is when you are just starting; there is a lot of uncertainty about the future. This is particularly true if you are…

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Buying and Selling a Business: The Pros and Cons of Seller Financing

During a business sale, one of the most important issues to address is financing. Most buyers do not have 100% cash to purchase the business outright, so they will need to find other sources to secure the funding they need. There are several potential financing options the buyer can look at. These include: Family and…

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Common Types of Business Buyers

When you are ready to sell your business, it is important to prepare well ahead of time. You want to have all your ducks in a row so you can be sure to attract the right buyer. This means getting your financials in order, cleaning up any potential legal issues, making necessary technological upgrades, and…

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Questions to Ask Before Buying a Business

Starting a business can be a life-changing decision. The ability to be your own boss and greatly expand your earning capacity can provide a much higher standard of living for you and your family. For many aspiring entrepreneurs, purchasing an existing business can be a wise choice, because it allows them to bypass the time…

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Common Questions Business Buyers Ask

It goes without saying that business sellers and buyers see things from an entirely different perspective. For you as the seller, your business is your “baby”. You have put in countless hours over the years (and in many cases, decades) building it from scratch, making it a profitable enterprise, and bringing it to a point…

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Should Business Buyers Work With a Broker

Buying a business is one of the most important financial decisions you will ever make. For this reason, it is important to find the right business (based on your passion, skills, and budget) so you are in the best possible position to succeed. Many buyers wonder if they should work with a business broker when…

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