"Prospective entrepreneurs have three main options for getting into business: set up a startup; buy a franchise; or buy an existing business. This column will focus on the third option and the two critical decisions that must be made: whether or not to buy a business; and if so, what type and size.
Increasingly, companies are coming up for sale and the average buyer’s will is being tested by a chronically weak economy and outlook. That doesn’t mean it’s easy to buy a company. The key is to be systematic, patient … and self-aware, says Barry Wood, a serial entrepreneur who has bought, run and sold several private companies. (Disclosure: I have served on the board of one.)
His suggestions won’t guarantee success, but they can raise the probability of making good decisions in a challenging business environment:"
Read more at:
Do you have what it takes to buy a business? | Entrepreneur | Financial Post:
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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