Recently downsized workers explore the opportunity to purchase a business instead of looking for a new job. This alternative, however, only works for a few. Tremendous time and money wasted in the purchase of a business make some people\\\'s already precarious financial situation even worse. Potential buyers should do an introspective review of their...
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Posts Tagged ‘ Buying a Business ’
Buying a Business – 7 Mistakes to Avoid
January 5, 2009
By Buying a business can be lengthy and very complicated. In our business brokerage we constantly see well intentioned business buyers making unnecessary mistakes that end up costing them a lot of time and money. This post aims to shed some light on the most frequent mistakes and how to avoid them. Taking the time...
Buying a Business Takes Persistence, a Lot of it!
July 27, 2008
By Most buyers inquiring information about my businesses for sale think that buying a business is like buying a car. You just need money. With more money, you buy a better car. Unfortunately buying a good business is not so easy. Two years ago, a serious buyer came to my office inquiring about one of my...
Technical assistance with buying a new business
June 17, 2008
By As the potential purchaser of a new business, you have a lot going on from the moment that you make the decision to purchase an existing business to the moment the "doors open". Then the real work begins of making that business a success and if you've done it before, you know that is going to...
Would You Buy a Business in a Recession?
May 4, 2008
By In times of uncertainty, making a decision about buying a business becomes difficult. Some Potential buyers continue to screen businesses for sale to find the perfect match but at the time of making an offer on the elected business, indecision becomes overwhelming. These buyers experience an analysis paralysis period when they simply can't make...
Buying a Business in Canada
July 29, 2007
By Omar KettaniToday’s business buyers are well educated and most of them do their homework before starting their business purchase process. Most of them research and study the subject of purchasing a business on the Internet and read books and publications about this subject. Unfortunately, most of these publications have been written about the US Market...
The Necessary Leap of Faith to Buy a Business
May 21, 2007
By Omar KettaniStatistics about the sale of businesses in North America have shown that 90% of people actively looking to buy a business never buy any business in their lives. This represents tremendous waste in time and effort. These people not only waste their own time and money but also brokers' and sellers' time. Business buyers generally...
Emotions While Selling or Buying a Business!
May 21, 2007
By Omar KettaniMost business buyers underestimate how emotions can impact the business purchase process. A lot of money, time and effort is repeatedly wasted on business transactions where buyers and sellers fail to deal with each others' emotions. From the seller's perspective: Business owners have spent a lot of time and energy building their business and...
Buy an Exiting Business or Start a New One?
April 30, 2007
By Omar KettaniThe skills and personality traits necessary to start a new small business and make it successful are much different from the skills necessary to take over an existing business and grow it . A small business start up needs an entrepreneur who has a vision and is passionate about his/her idea....
Business for Sale Listings
April 30, 2007
By Omar KettaniBusiness buyers are constantly looking for new business for sale listings. Some spend long hours looking in different newspapers and magazines. Others rely mostly on networking, asking everybody they know about business opportunities on the market. Accountants and lawyers are also considered a source of information about new businesses for sale.