Buying a business, especially a good one, is hard. But not impossible. And not without risks.
Reducing those risks takes a good process, emotional control, discipline, savvy advisors, and relentless hard work. Though just about anyone can do it.
Reducing those risks takes a good process, emotional control, discipline, savvy advisors, and relentless hard work. Though just about anyone can do it.
Don& #39;t be put off by the jargon, pedigrees of others that are successful, or even necessarily a lack of capital.
What follows are 10 tips that cover each stage of the acquisition process (a lot is left out, but I want to show that the process isn& #39;t complicated)...
What follows are 10 tips that cover each stage of the acquisition process (a lot is left out, but I want to show that the process isn& #39;t complicated)...
1) Decide how you are going to source opportunities: DIRECT (contacting business owners directly via cold calls, email, trade shows, etc.) or via INTERMEDIARIES (brokers, CPAs, lawyers, wealth managers, and others that may have a relationship with business owners.) or BOTH.