Ad me Up before you gogo » Blog Archive » Buy A Business Without Ever Worrying About Overpaying Or Getting Screwed Over By The Seller (Art Hamel)
If you’d like a sure-fire way to make sure you never “overpay” for a business you want to buy, then this article contains a simple little “tactic” that can save you a lot of money.
Listen, this will sound very basic but it works: The whole key to making sure you never get taken for a ride on the price when buying a business is to simply take everything the seller says with a grain of salt.
In other words, you simply have to check everything out they give you and verify it. Take nothing on good faith. Do not “trust” the seller, no matter how much he kisses your butt or how “great a guy” he seems to be.
You can verify almost everything simply by bringing in a CPA…and having him (or her) check out the financials from the last four or five years to make sure everything jives with what the seller is saying. Simple? Yes. But buying a business is simple when it comes down to it. It’s all about doing your homework, checking every
thing out and taking your time.
And when you do this you
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This entry was posted on Thursday, July 1st, 2010 at 3:44 pm and is filed under Uncategorized.
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