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Bad Economy? Now is the Time to Buy a Business
Well I guess we can all agree that the economy is not in the greatest shape right now. It has certainly been worse and like always, much of the hoopla of how bad it is really is driven by the media and the spin they like to put on it for a good story. This is the time when business savvy people don’t take cover but actually dig in. While other business owners are hiding from the possibly negative and money draining effects of a struggling economy, the go-getters are...
Why Buy a Business Vs Starting from Scratch?
Not everyone can buy a business that nets the owner $100k+ a year. If that were the case everyone would. But, everyone does have the opportunity to build a business to that level or more. Using your skills, getting help where you need it and using the momentum of the business you purchase is the way to achieve that goal. Being prepared by having all of these items lined up before even looking for a business to buy is extremely important. If not...
10 ideas that will make your next business plan soar.
Is business plan is a critical strategic document that maps out the business, where it is heading, how to get, what resources it needs to be successful. This article offers tips on how to make your next business plan so much more effective.
Buying or selling the Perfect Business
Buying or selling a business comes with many variables. The seller brings their perspective of knowing the business “like the back of his hand” as they are responsible for growing and maintaining the business. The buyers bring new enthusiasm and ideas with a mixture of trepidation and excitement. Finding the right business is generally a major challenge. If a seller and buyer can come together with as many of these items aligned, they have a much greater chance of success.
Starting a business…start with your business plan.
A business plan is a critical element to your success as it gets you focused on doing the things you need to do. Most of us, if left to our own devices, would do the things we like to do and avoid the hard things that we procrastinate over. This articles explains how to tackle the process of putting a busines plan together.
Tips to successfully buy or sell your next business
Whether you’re buying or selling a business it is never a neither simple nor straightforward process. Not only are there disclosures and laws to follow, but both parties are working with known other parties such as a lender, landlord, franchisor, accountant, financial planner or attorney to name a few and so it’s unknown how each of these parties will respond. The Golden Rule is to put your feet in the shoes of the other party. It won’t solve everything but hopefully it will allow you to understand “their view of the world.”
Buy a Business, Start a Business or Buy a Franchise?
Should you Buy a Business, Start a Business or Buy a Franchise? Which is best for you? What are the pros and cons of each choice? This compact chart will help with your decision making.
5 Steps to Finding the Right Business for You
FIRE, READY, AIM! The commands are correct but, you must have the right sequence if you want to hit your target i.e., READY, AIM. FIRE!. If business ownership is your quest -- the five steps listed below summarize the correct sequence of steps involved in finding the Right Business for you.
Seller Financing - A Benefit to Buyers and Sellers
Most owners want an "all-cash" deal when they sell their business. But, few sales are all cash. Most buyers get financing and this article explains why seller financing is a benefit to the buyer and the seller.
What are my options if I cannot sell my business?
If you experience difficulty selling your business, there are options available to you. It is important to take care of your lease if applicable, assess your assets and see what you can do to get the best price for your business and work on your inventory. This article goes over these steps and more to help you when you find you cannot sell your business.

6 questions to ask when selling or buying your business
When thinking of selling your business, there are two things a buyer is looking for to ensure success: cash flow and potential. Once these are taken care of, there are six questions to consider that will help the present business. Looking into these questions and understanding them will ensure success when buying and selling a business.

Want to buy a business? Don’t use a non-binding letter of intent.
A non-binding letter of intent is not a good way to present an offer for a small business. It has disadvantages to both the business buyer and business seller.
What questions should I ask when buying a business?
There are many questions buyers typically ask when thinking of buying a business that include the level of sales, qualifications and motivations of the employees, questions about landlord and suppliers. While these questions are helpful and appropriate, this article offers some more questions that will help in the decision of buying a business.

What do I want to know when buying a business?
Before the seller of a business and a new buyer come together for the first time, there are a few things that should be considered. The buyer has a few steps to go through first: learning and understanding the buying process and understanding how much personal capital to invest. Following these and other steps ensures that the buyer is on the right track to owning their new business.

Importance of Terms When Buying or Selling A Business
Though the price is an imperative part of buying or selling a business, the terms of the deal are also crucial. This article shows some of the reasons why understanding the terms can help you when it comes to any business transaction.

How to Buy a Business Using a Home Equity Loan
Business buyers are always on the lookout for ways to acquire financing than can help them start a business or purchase an already existing one. If you intend to buy a business, your options may be limited depending on the value of your assets, your credit history and the incentives the seller is willing to offer. As a smart business buyer, you should thoroughly assess every business opportunity and go for one that is worth your investment.
Buying a Franchise - Mistakes
A franchise is not for everyone. There are many things you need to consider and watch out for before investing your savings into a business opportunity.
What Are the Best Businesses to Buy Today?
A lot of people today express their interest in buying a business, as managing one's own company means there would be no irritating bosses or the need to ask permission every time you want to take the day off. However, employees are just as often pushed out of the corporate world as leave a company on their own will. With many organizations going bankrupt or cutting costs, employee layoffs are becoming even more alarming.
How to Buy a Business and Earn Great Profits!
If you are a determined, budding entrepreneur, one of the most fulfilling yet challenging ventures you will ever undertake is buying a business. There are several factors that you need to consider when you decide to buy a small business. This article provides you an outline of the things that you need to know about acquiring a business and earning a profit.
Should You Buy a Business or Get a MBA?
Those who have recently graduated from college or in the process of completing their degrees, specifically those who are majoring in business, find it hard to choose between two contrasting options: to stay in school and get a MBA - Master's of Business Administration - or go out into the real world and start a business. To make an informed decision on this matter, there are four factors that one needs to consider: money, time, estimated return on investment and the current market condition. Those people who choose to get a masters degree do...
Building an Entrepreneurial Legacy
True story of a successful transition for a man from a corporate employee to a multi-business entrepreneur with his own children as fellow entrepreneurs. Read about how a professional broker assists with the process of buying a business, selling a business, and acting as effective intermediary through a real-life case study.
FAQ For Business Buyers
So, you want to buy a business. . .maybe? Where do your start? What questions should you ask? How do you work with those Brokers? What about location? Goodwill-- what's that? Can I do a 1031 exchange on Goodwill? When and how should I do due diligence? Can I get the Company Name? Read more in this article.
If you are going to buy a business, you need to accept business risk.
Many first time buyers, don't buy a business because of the risk. Experienced business buyers look at it differently.
Understanding Add Backs When Buying Or Selling A Business
An add back is a type of tax deduction that small business are able to claim on their taxes. Understanding them and how they work shows one of the many benefits to owning your own business. This article goes into detail about add backs and how they are used after you decide to buy or start your own business.

The Importance of Intangible Assets When Buying or Selling a Business
It is important to know what tangible and intangible assets are in business. Knowing the difference and examples of each can help you with your taxes and the transaction of buying or selling a business. Assets can also be a legal matter, in which case it is important to know about legal protection and how they can help you in any business transaction.

What is a 'Covenant Not To Compete' when buying or selling a business
A Covenant Not To Compete is useful when a seller has found a buyer for their current business. This ensures that the new buyer does not open the same type of business as the seller for risk that existing customers will want to do business with the seller and not the new buyer. There are many factors involved to evaluate a Covenant Not To Compete and they are outlined in this article.

Business Moat - Key to selling or buying a business.
When buying or selling a business there are more important things than the Financial statements. Now before you start rolling your eyes at this concept. I am not saying that the financial statements are irrelevant. The problem is too many business buyers think that they ONLY think that is important when buying a business is the P&L. When a buyer wants to understand the breakdown of Cost of Goods sold before they understand WHAT the business does and how it does it... This buyer is focused on the wrong concept.

Business Moat - How does the business \"Set itself apart?\" Another Key to selling or buying a business.
According to Warren Buffet in business there is a think called a “ Business moat”. This was an example that he used taken from the history books were you often find “Castles” that are surrounded by moats. These moats were designed to keep the enemy out and protect the Castle. The wider the “business moat”, the more likely it will stand the test of time. Most business purchasers that we see on a daily basis are looking for a castle, home, barn or even hut surrounded by a moat! The type or size of business is less important. The most important factor is to identify and capitalize on the barriers of entry. The business’ competitive advantage. If there are no barriers to entry or competitive edge you you will not have a business for very long.

Does Size Matter when Selling a business? (Size of the business?)
Those are good odds if you are playing the lottery, but when you are trying to maximize profits on one of the biggest investments of your life, these odds could leave you in financial ruin. That is why I want to emphasize a number of items. The reason why the above statistics are currently an industry standard is because the amount of buyers increase with the number of employees, amount of revenue, and the amount of cash-flow (profit) that you have.
FSBO is a BAD idea when selling a business!
FSBO stands for For Sale By Owners. FSBO has become a big trend in the Real estate industry. This is mainly because it is a simple way to sell your home or property and save 6% in fees. But often Business owners think when they want to sell their business that they can do the same thing. Following are just a few reasons why this is a ridiculous idea. Please keep in mind that this is NOT inclusive of every reason. To do this would take a book.

Laid off work? Can\'t find a job? Hire yourself! Buy a small business!
Many times executives in corporations have the necessary talent and DNA that it takes to take a small business and make it 2, 4 or even 10 times the current size. You could be better served as a business owner rather than a high paid employee for corporate America. With the economy currently September of 2011 at 9.2 % many times in this number are high paid high level executives. Instead of looking for a new job that could take years.... Take control of your future and hire yourself! Buy a business.

Seller Financing your business (PART 2 of alot of parts!) Don’t Fall for Wall Street\'s lies
In this multi-part article on Seller Financing your business it is my desire to challenge your “thinking” about the subject. Most business sellers want 100% cash when they sell there business. Cash is King! I get that... But my challenge to you is to think through the process of what your going to do with the money! Are you going to put it in the Stock Market? Mutual Funds? Stocks? bonds?

Finding the Right buyer when you sell your business is Crucial
Nothing is written in stone, but while evaluating potential business buyers your business broker or intermediate should give an advantage to the potential business buyers with the experience in running the business .And if that experience is within the same industry that’s even better.
When selling a business check the business buyers credit history
Together with checking the potential business buyers resumes and references, one more important area the business broker should research very closely in the process of qualifying the buyer is his credit history. If the buyer has relatable experiences, then you would look to their credit worthiness. Now, as a business transition specialist, I must say here that very rarely do I see a buyer with bad credit. So what I really want you to focus on is not just the credit score. Take a look at credit history and, in particular, look for what type of credit they have previously had and, if any, what type of problems you can see within their credit history.

Another guarantee to keep you on the safe side...when selling your business
Whether it’s about drawing a greater response rate or maximizing the selling price, seller financing is surely an option that most businesses are considering these days. I don’t think I need to say much about the rewards of seller financing. If you’ve been following my posts, you already know about the two guarantees i.e., personal guarantee and stock pledge that come with this financing option. Today, I’ll be shedding some light on the third kind of guarantee that ensures a successful seller finance agreement.
Seller Financing a small business when you sell it – What are Additional Covenants?
Have you worked really hard to establish your business? Is it the time to sell your company? Are you concerned that the new purchaser will make a lot of changes that might hurt (or in fact ruin) the business?

Buying Or Selling A Business Is Unlike Anything Else
This article summarizes the benefits and values of buying or selling a business. It covers valuations, advertising and negotiations. All of these steps are key features when one is thinking of selling their business or becoming a buyer of a business.
11 Important Points You Need To Know When Buying A Business
This article summarizes the important points to consider when buying a business

Other Buy a business Related Articles

Business Luncheon Manners Always Matter, Ten Tips From Your Strategic Thinking Business Coach
Every business day of the year, there are business lunches taking place. And every business day there are bad business luncheon manners being displayed and observed. Inexperienced staff members to experienced business executives commit these business manner blunders because too many people forget their manners at the business luncheon table. And these business lunch manner faux pas result in a negative image of the person committing them and the company they represent. All business manners are essential to building relationships in today’s business world. People, who present themselves very favorably, will maximize their business potential. Your Strategic Thinking Business Coach would like to offer the following ten (10) tips to ensure good business manners at your business luncheon meetings.

The Key Benefits to Having a Business Plan
If you are considering establishing a business of your own, it is important to understand the key benefits to having a business plan. A business plan is a document that is strategic in nature and explains the current status of a business or a proposed business. If you are in the developmental stages of a business endeavor the business plan is an essential component to the achievement of the goals that you have for that business.
Service Interaction
In your business, the difference is……? What makes a modern business? Today business needs to re-invent itself and find a niche. Business is about networks. Business is about helping your customer achieve their goals. Business is about thinking differently about the way things have been done. The trouble is, businesses don’t fully understand the areas of a business that make it happen. In most cases there are three things that are needed to make a business a success, assuming that the company has a solid cash-flow.

Business Finance
Business finance is customarily the most important detail if your considering starting your new business, increasing your existing business, or possibly merely maintaining the certain quality of business. Business loans may generally thought of as a unfavourable course of action from the business owner however if operating right it could really become a salvation of your business and it's continuous progress along with it's welfare.

Make Money Fast In An Online Or MLM Business!
You have come to a place in your life, when you decide I need to make money fast, and are not sure which is the best way to go, starting an Online business or a MLM business. How much are you willing to learn to become successful in either a Online business or a MLM business? Which business type is better for you, and Online business or a MLM business?

Whether you want to Buy a Business or Sell Your Business - Let me ask you, have you ever wondered how to value a business?
Have you ever wondered how to value a business? Business valuation methods vary depending on whom you ask. Many business brokers use the common multiple method. For those who are searching for a business to buy or business owners looking to sell their business, valuing a business can be somewhat confusing. To gain a better understanding how business brokers value a business, I have provided an example. See why there is so much confusion and how you can overcome it yourself.
Growing Your Small Business with Non-Traditional Financing
Small business owners are always seeking ways to grow their business. Whether you are going after business-to-business (B2B) clients, business-to-government (B2G) contracting opportunities, or business-to-consumer customers (B2C), growing your business is the foremost thing on your mind.
Discovering the Business Moat is a key to selling or buying a business.
Every quality business has a “Moat”. And when a business is for sell it is crucial that a business seller and a business buyer discover exactly what the business moat IS and how deep it IS. The Business Moat is the reason why the business has survived over the years and why it is reasonable to expect that you will survive the next several years. This exercise is designed to help you think through your business and discover the “Business Moat Characteristics”. Many Buyers and Seller’s do not even know that they existed prior to us asking the question. Therefore, we are going to ask you in ways that we hope will help you think about your business differently. “In business, I look for economic castles protected by unbreachable ‘moats’.” -Warren Buffett
Don't use Rules of Thumb when valuing a business.
When valuing a business to buy or sell don't focus too much on financial statements alone. While these are important aspects of the business they are not the only value drivers that the business has. The value of a business goes deeper than the industry that the business is in. More than the profit of the bottom-line of a tax return. When you want a quality business to buy or want to sell your business for the maximum price. It is crucial to discover the individual personal characteristics that the business has over it's competitors.

Results are all that matters
Small business owners typically do not take the time to measure the results of the actions they take. Many small business owners cannot document where their business comes from. Does the business come from referrals? Does your business come from cold calling? Does your business come from direct mail? Does your business come from the internet?
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