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Articles That Drive Action
Explore the fundamentals.
Entrepreneurship doesn’t have to start with startup. Many aspiring business ownership are finding quicker paths to success by buying businesses that are already established and successful in their markets.
With the right tools, support, and plans for financing, you can follow suit. Our guide, The Fundamentals of Buying a Business, will help you learn what it means to buy a business, how to source opportunities, and, importantly, how to cover the costs of acquisition.
Find your opportunity.
After examining the benefits and risks of buying a business and determining which kinds of operations suit your interests and goals, you can begin searching for businesses for sale that meet your criteria.
Brokerage and business listing sites can be immensely helpful, but other tactics, including connecting with vendors, distributors, and other affiliated with your target industry, can also help you find leads on excellent opportunities. We can guide you through both strategies.
Negotiate the terms.
Once you find a business that interests you, you’ll pour through its financials, risks, and operational details and determine how much you’re willing to spend to take it on in its current state. Your offer may trigger a series of negotiations. It’s important that you’re ready for this step.
In our guide to negotiation a business acquisition, we share 14 strategies that can help you know when to hold firm, when to cede wins, and what to do to maximize the odds your offer will be accepted.