Buy custom Buying An Business
Essay's paper info
| Topic: |
Business
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| Number of pages / Number of words: |
2 / 494 |
Essay's paper body
Agree that they cannot contact old customers.
Action checklist
- Do your sums. It may be less expensive to start up from scratch
- Make sure you have a choice of businesses to buy. Comparisons make strengths and weaknesses easier to spot and it strengthens your hand in negotiations
- Insist on talking to customers, suppliers and key staff, as without them the business may not be worth much...
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The main advantage to buying a business is, in theory, that as soon as you have paid your money, you can start making money. This route is particularly well suited to people who have extensive experience of general business management but lack detailed technical or product knowledge.
When you buy an established profitable business, you will not only pay for the basic assets of the business, but also the accumulated time and effort that the previous owners spent growing the business to its present state...
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