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What should I Look for?

By Rod Burns Jan 10

Obviously, you want to consider only those businesses that you would feel comfortable owning and operating. “Pride of Ownership” is an important ingredient for success. You also want to consider only those businesses that you can afford with the cash you have available. In addition, the business you buy must be able to supply you with enough income – after making payments on it – to pay your bills. However, you should look at a business with an eye toward what you can do with it – how you can improve it and make it more productive and profitable. There is an old adage advising that you shouldn’t buy a business unless you feel you can do better than the present owner. Everyone has seen examples of a business that needs improvement in order to thrive, and a new owner comes in and does just that. Conversely, there are also cases where a new owner takes over a very successful business and not soon after, it either closes or is sold. It all depends on you!

Categories: Buyer FAQ

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Lucido Global Business Brokers
Keller Williams Coral Gables
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rod@globalbusinessbrokers.net

Adding Value, Creating Wealth

  • The Benefits of an Advisory Council
  • Cultivating Your Brand Strategy
  • An Overview of Term Sheets
  • Is Your Deal Really Going to be Successful?
  • When Should Sellers Proceed with Caution?

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