"Before deciding to buy a business, do your homework. Your investigation must begin after drawing up a shortlist of potential businesses to buy. Use the Internet and social media to learn about each business prospect. Pose the following questions to people involved in the same business:
Why is the owner selling the business?
What is the reputation of the business?
What is the future outlook?
Does the company have a sizable market share to remain profitable?
With some perseverance, follow each information trail, taking notes as you go. After a preliminary exploration, some businesses may reveal negative reviews. This narrows down your choice to one. It is only then, when you think the company will stand up to a deeper investigation, that you meet the owner of the business. Start the due diligence process with the goal of making sure the company is worth buying.
Here is a checklist for investigating a business for sale: "
Read more at:
http://www.globalbx.com/newsletter/newsletter_091013.asp
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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