Buy or start a new business
This section looks at the pros and cons of buying an exisitng business, how to value the business, what information to ask for, and how to finalise the purchase of a business or franchise.
What are the advantages of buying an existing business
If you don't want to start a business from scratch you might consider buying an established business. Find out the pros and cons of buying an existing business.
What to spend when buying a business
This will be determined by your ability to manage the business's monthly cash flow, your cash reserves, equity you may borrow against, the bank, and/or vendor finance. Exercise care in not taking on too much debt, and ensure you allow for working capital and some cash reserves.
Due diligence when buying a business
Before agreeing to buy a business, you should perform due diligence. This is your opportunity to examine the business's books and records to make sure you a making the right decision.
Buying a franchise
Buying a franchise can take away a lot of the hard work associated with starting a business from scratch.
What to ask when buying a franchise
What do you need to know before you buy a franchise? Here's a comprehensive list of over 200 vital questions to ask the franchisor that will help you make the right decision.
