Sunday, April 20, 2008

Buy A Business, Or Not?

Be fair, attentive, and customers
will return.

There is risk in purchasing any
business. It requires large amounts
of capital, up-front. A failed business,
that you feel would be profitable under
your management, entails many resources.

"Expect to call and investigate plenty
of businesses to find one that makes
sense for you," Gregory Caruso said.

Karen L. Klein, Los Angeles times,
reports, Caruso is a principal at mergers
and acquisitions, Harvest Associates.

When you have decided on the kind of
business, or the area you want to concentrate
on, call local businesses. The process takes
from nine months to two years.

Personally, I feel a, life changing, decision
should take time from start to completion.
Always double-check references. It's best to
make sure, parties, people, unknown to you have
the good intentions expected.

Doubt can't be, a shadow, in the back of your
mind when in the last stage of closing the deal.

If there is any hint of apprehension, stop, and
re-think. Look in the classifieds of major newspapers
for legitimate business listings.

The web sites to browse through are: www.bizbuysell.
com, and www.mergernetwork.com.

The purchase of any business is a major undertaking.
Make sure you are emotionally, financially, ready, and
have the resources to proceed.

4 comments:

Anonymous said...

I'm thinking of purchasing a business sometime in the future, and I've checked out bizbuysell.com and mergenetwork.com. I know this from a couple of months ago, so since then do you know of any other sites that would be worth checking out?

Critique and Write said...

Any Business Start-Up
Be fair, attentive, and customers
will return.

A business, start-up or not, demands lots
of time, energy, and money. You must,
mentally, understand that there's a
possibility of failure. Life goes on after
a debacle.

Pick an area you're passionate about.
Surround yourself with people who feel
success of the business is important.

http://marcellag.blogspot.com.



Here are some possible useful links:



1. Small Business Program(s)

http://www.sba.gov/sbdc/sbdcnear.html


2. Mentoring Program

http://www.athenafoundation.org/programs



3. Retired Business People and/or Former

Business Owners

http://www.score.org



Hope this helps, Sara.

Anonymous said...

Thanks for your advice. I know starting a business is very time consuming and financially (not to mention emotionally) draining. I'm definitely going to check out the websites you provided. I also found this website called BizTrader.com, which I also found useful. They had a library and stuff. Pretty good stuff.
Again, thanks!

Critique and Write said...

I wish you well on your
business venture. Thank
you for the web site
address. Stop by anytime,
to chat, or if you have a
business question. You
are welcome.