Quitting life as you know it and looking to buy a business makes the answers to these questions crucial…
Starting a business is a BIG deal and building it to become much more than a hobby is even BIGGER again. It makes sense to get a kick-start, whether that be as a first time buyer or as part of the growth strategy for an existing business, taking on one that is already in existence. There is definitely upside to walking straight into revenue and profit…
But if buying a business features as a serious option, congratulations. Hang on to your hat; it’s going to be a bumpy ride!
Knowing exactly what you’re prepared to stick your neck out for is paramount to buying as wisely and ideally as successfully as possible.
Consider these:
There is much to consider when taking any big steps in life, and buying a business is no different. If you’ve not done it before or you’re not able to access others that have, then seek out members to make up your “A” team most specifically and diligently, and be prepared to pay for their advice upfront. It will save you heartache as you rally to take your new found world by storm!
Have you ever owned your own business? Would you do it now in your 60s?