by Steve Strauss on May 7th, 2009
Q: I am pretty sure that I will lose my job. I don’t want to start a business from scratch, so what do you think of buying a pre-existing business? And if that is a good idea, like I think it is, what are the possibilities of getting the owner to finance the purchase? My credit isn’t great.
Mike
A: As a general rule, buying a business can be a very good idea, but as with everything else in this economy, to make sure it will be a successful venture, you have to proceed with caution and do your due... Read more »
by Larry Slusser on February 5th, 2008
Starting your own business can be nerve-wracking and scary. The anxiety level rises when an entrepreneur builds the business from the ground up. However, there is another alternative to starting your own business from scratch – buying an existing business.
Here are seven tips that can help as you research the perfect existing business to purchase:
1) When buying a business, you are not only buying a lifestyle, you are buying the livelihood that comes with it. More specifically, you are not only purchasing the assets, inventories and assuming the lease. You are also buying a job and hoping for... Read more »