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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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Keller Williams Coral Gables
550 Biltmore Way PH II A-B
Coral Gables, FL 33134
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rod@globalbusinessbrokers.net

Adding Value, Creating Wealth

  • The Transformative Benefits of the Entrepreneurial Operating System®
  • A Private Equity Firm Veteran’s Advice for Business Owners Preparing to Sell
  • The Psychology of Selling – Are You Sure You’re Ready?
  • When Should You Think About Selling Your Small Business?
  • Is Your Business Charging Enough For Goods & Services?

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