How To Buy A Business
You can buy a business with less money than you might think. Some deals are made where you leave the closing with cash. Every deal is unique and has an infinite amount of possibilities. The biggest hurdles to business owners are funding the deal and fear. Business acquisitions get funded based on the company’s financial strength and not necessarily the buyer’s finances. The business must be able to service any debt required to get the deal done. You will also need working capital to buy a business that can come from multiple sources besides the bank. The main sources in most deals are:
Funding Sources To Buy A Business
Bank
Alternative Lenders
Friends & Family
Seller Notes
Surplus Assets in the Business
Vendors
The failure rate for small businesses is high, but much of the risk can be avoided. There are five major reasons that companies fail. Don’t make these mistakes, and you will practically guarantee success. Don’t repeat the mistakes that have led to business failure.
Why Businesses Fail
1) Not researching the market
2) Flawed business model
3) Run out of money
4) Bad Marketing
5) Failure to Change
Free Business Buyer Resource Kit
Changing business conditions, political unrest, and financial uncertainty has turned the world upside down and created lifetime opportunities. The biggest fortunes have been made in Great Depressions, National Disasters, World Wars, and events like 911. This crisis will create more fortunes because commerce moves faster now than ever! Download your free Business Buyer Resource Kit to take the first step in owning your successful company. Enter your email address below, and we will send it to you immediately!
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