This article are provided for information purposes only, and are not intended as legal advice.

Businesses – how do you determine if you found the right one?

February 5th, 2009

A business broker can help you find a business  But is it the right business?  That is something that only you can determine.  Many investors have no idea what they want to purchase.  The best way is to work backwards, figure out what you do not like.  Then start to narrow down the list.  Remember, you want to be able to enjoy going to work.  You want to think it is fun and not a chore.  I have seen many people involved in a business because they feel obligated.  It is a family business therefore you must follow the family tradition.  if you hate what you are doing, you will not do well.  Many things that are wrong may slip by unnoticed.  You have to do what is good for you and not what your spouse, partner, family member thinks.  Look at the business for sale opportunities that exist, when you find one which fits into your criteria, then start to ask questions. You need to determine what you are good at, what you like the most, then decide on the type of business, retail store, manufacturing, service industry or distribution. Then keep defining your criteria within each category that you have selected.  It may take you a year to find what you are looking for.  Only you will be able to determine if this is what you are looking for.

Filed under: Buy a business — Gary Landa @ 12:01 pm

No Comments »

No comments yet.

RSS feed for comments on this post. TrackBack URL

Leave a comment

You must be logged in to post a comment.