On the previous article of our Business Deal or No Deal Series, we talked about buying an established franchise. For the last article of our series, we will be discussing the opposite end of the spectrum regarding our previous topic:…
We discussed a good deal last time in the form of looking for potential business reversals. Now, we take a look into big established businesses or well-known franchises. You’ll see these opportunities everywhere. McDonald’s and Wendy’s usually do this among…
The last article on our series dealt with the Act Now Policy. Let’s have a look at the next situation in this series that we will be evaluating: THE REVERSAL. We have previously stressed on being familiar with a business…
Previously on our BUSINESS DEAL OR NO DEAL series, we discussed whether you should or shouldn’t buy a business you are unfamiliar with. This article will be touching on business deals with the ACT NOW policy. In one way or…
If you have been following our articles, you may have seen a few touching on things to consider when you are buying a business. In terms of principles, we have already covered a lot but what about EXACT situations? This…
In our last article, we dealt with the money matter of whether or not you can avoid the next business buy that comes your way. For this article, we deal with the matter of your business’ financial systems. As with…
Previously, we talked about choosing your business’ bank partner. Now, we delve into another money matter: Can you afford your next business? Have you ever heard the saying that “Opportunity knocks only once”? Yes, in your career as an entrepreneur,…
Money… It’s such a common problem for aspiring / start-up entrepreneurs. You can have the best idea or the best people on-board but if you don’t have enough money to go through with your plans then consider your entrepreneurial dreams…
Previously, we explained that it’s important to understand why a business is being sold and the importance of completing your due diligence. Once you’re done with those, it’s time to negotiate a deal. Get the best price This is it! You’ve looked…
In the previous article in this series, we explained that it’s important to understand why a business is being sold. In this article we explain how to do your homework. Do your homework This step is needed because you need…
For the entrepreneurs among us who plan on buying one or more businesses, you’ll know that there are opportunities to purchase all around you. You can be told by a friend, find out from a broker, or even hear about…
We recently posted the 8 questions to ask when buying a business, now we highlight each question in a little more detail. What does the final contract look like? Once you and the seller have agreed on the terms, the details…
We recently posted the 8 questions to ask when buying a business, now we highlight each question in a little more detail. Making an offer Assuming everything is good so far and you want to buy the business, it’s time to…
We recently posted the 8 questions to ask when buying a business, now we highlight each question in a little more detail. What financing alternatives are available? One of the biggest hurdles when buying a business is to see if you…
We recently posted the 8 questions to ask when buying a business, now we highlight each question in a little more detail. Do you know how the business operates? Just like test driving a car before you purchase it, before you…