Buybiz Business Training
Our Buybiz Training is focused on helping people like you buy businesses. You first need to determine the type of business, the location, and the services that the company offers that you want to buy. After you know what kind of business you want, speak with as many business owners as you can to get an idea if this is a business that will fit your personality and skill set.
How To Research a Business You Want to Buy
Business owners enjoy sharing their knowledge if you approach them the right way. Speak with business owners outside of business hours and when they are not busy. Networking events are perfect for face-to-face meetings. Social media is also a great way to establish relationships with owners. Before you speak with a business owner, you should research the following:
- Study the industry that the company belongs in.
- Review their website to become familiar with the company and its competitors
- Look at their social media to learn more about the company.
- Visit the store or place of business without drawing attention to yourself. Better yet, buy something if possible.
- Find out the trade associations the company is associated with and review the website to see what’s happening in the industry.
Taking Action to Buy a Business
Now that you have done your research, you are ready to start speaking with business owners at live networking events. Some networking events publish the attendees in advance. Look for people in the business you want to be in and message them before the event. Include in your communication that you are considering buying a business in the industry. Ask if they would be willing to share any insight about the industry. Be careful not to present yourself as a potential competitor. You present yourself as a future colleague that would never do anything to harm their business.
Talking to business owners is the fastest way to learn about a business or industry. You can read books, take courses, and do other education, but nothing will beat talking to business owners doing what you might be doing in the future. Join our Buybiz Training Course and get the skills your need to buy a business. Learn to discover businesses available for sale before they are listed to the general public. Get a leg up and get information to give you an unfair advantage. Buying a business with low down payments and high profitability is possible if you have the necessary skills.
