A franchise is a business model which is duplicated over and over again. Presumably, the franchiser has debugged all the problems of operating a business and has found a formula which works efficiently, smoothly and is easy to implement and operate.  They try to make the system fool proof as long as you follow their system.  Buying a franchise does not (more…)

You still feel healthy but you want to continue the long term success of your company long after you have passed away.   You have children in the business and you want to pass your legacy to your kids, should you?  Too many parents believe that their kids will be as good if not better than they are at operating the business.  Some are, many are not.  Smart business (more…)

Ever wonder why a business is so cheap?  Ever bought something that you thought was under priced and you were getting a phenomenal deal – it was cheap for a reason.  This can range from buying an asset to buying a business.  A person decided to buy a helicopter from a bankrupt company.  Did all the due diligence himself, thought that were buying it for (more…)

You want to buy a business but are not sure which business to buy.  Ever wonder what businesses other people are looking for?  The most popular type of businesses that people ask about buying are those which they think are recession proof.  The most popular industry which I am asked about is the food industry.  Why?  In good and bad times, you always eat.  (more…)

Making the decision to go out on your own and buy a business is a huge decision.  What other things should you think about when deciding what type of business should you buy?  Here is a list of items to consider:

• how much equity do you have?
• how much debt can you afford to carry? (more…)

Making a decision to buy a business is tough but deciding on what is the best business for you is a more difficult decision to make.  Remember, the best business to buy is the one that you will enjoy owning the business, the one where you will enjoy going to work everyday, the one where you have no regrets of making and hopefully the one that makes lots of money for you as well.  (more…)

You want to buy a business but what are you actually buying – the assets of the business or the shares of the business?  What is the legal status of the business that you are proposing to purchase, is it a sole proprietor or a corporation?  A sole proprietor is a person who owns the business in his or her name personally. If the business is incorporated, the business (more…)

You are looking to buy a business, found what you are looking for but do you have the money to buy the business?  Too many people look for businesses that they cannot afford.  They look for a business what they want, not what they have funds to buy.  Many people assume, even in this market, that the banks will lend them money or an investor will give them (more…)

You are looking to buy a business and you will use the equity in your home to help finance the business but you have not found your dream business to buy yet.  If you know that interest rates will be increasing in the future, do you secure your financing now? (more…)