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Whether you are buying your first business or making an acquisition to expand your existing business, it is important to make the right choice. Find out how to evaluate and finance your acquisition and what to expect when you get started.
Check out the content under the headings below to discover the steps involved in buying a business.
A key advantage to buying a business rather than starting one from scratch is that an acquisition allows you to skip the expensive—and risky—start-up stage.
Finding a business for sale isn’t as simple as looking for a for-sale sign in the window. Instead, most entrepreneurs looking to sell their business are waiting patiently for the right buyer to come knocking.
Once you’ve found a target, you should do in-depth research to ensure you understand what you’re purchasing and make sure you’re not overpaying.
Because buying a business will involve investing a fair amount of money and time, it is critical to do your homework when gathering information about the business, and to develop a solid acquisition strategy.
Access to start-up financing is essential for most new businesses, but for many entrepreneurs just starting out, their biggest challenge is getting adequate financing.
How to get a business loan
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