Friday, June 14, 2013

10 steps to buying a business

"Buying a business is one of the biggest decisions that you will ever take, and every entrepreneur owes it to themselves to make sure that their purchase goes smoothly.

Define Your Purpose

It might sound obvious, but your first step should be to define exactly what sort of business you are looking for. Identify your own skillset, and go after the appropriate company. Don't just choose the right sector, but identify exactly the correct kind of business in terms of size, speciality and unique selling point.

Target Your Search

Once you know what you are looking for, it's time to focus your search. The main factor to consider is how far you are willing to move to find the perfect business. It won't necessarily be on your doorstep, and you must consider your own lifestyle. If your family doesn't want to move, perhaps you'll need to relax your criteria."

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10 steps to buying a business:

For additional information regarding Florida business sales, acquisitions and valuations, please contact Eric J. Gall at info@buysellflbiz.com or 239.738.6227. Also, visit our Florida Business Exchange website at www.fbxbrokers.com and my personal website at www.buysellflbiz.com.

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