When buying a business is better than starting: Buy a business

When buying a business is better than starting: Buy a business:

Article is written by an Australian businessman, Marc Peskett, but offers good advice for anyone deciding whether to buy a business or start a business.  Potential advantages of buying include:

1. Instant access to customers
2. Entry into new markets
3. Intellectual property
4. Established sales and marketing systems and processes
5. Experienced people
6. Economies of scale

There are also pitfalls to watch out for:

1. Will you overpay?
2. Is everything transferable?
3. Will customers and suppliers stick with you?
4. Will key employees stick with you?
5. Can you limit liability?

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.