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

Buy a business

August 1st, 2008

Even though you want to buy a business immediately, it often takes 12 months to buy your first business.  People often do not know what they are looking for.  The first business they view may be the best however they have expectation that the next company for sale will be better than the first company they viewed.  it is possible by the time they realize that, the first company has been sold.

Often, investors do not what industry they want the business to be in.  Determine what are your strengths, determine in your past experience, do you have business contacts.  Can they be used in a new business adventure.  What type of business product do these business contacts want, do they want a service, a product.  You are buying a business in order to make it grow therefore it is important if your past can help your future.  You can then modify your search to look for a business that will benefit from dealing with your current business associates.

If you do not have business contacts to use, then look for what interests you.  If you have had formal training or exposure to a business, then concentrate in those areas.  If you are good at people but do not know how to run a business, then look to purchase a franchise.  Do you buy a new or resale franchise.  if it is a current business, you have less risk because you know the amount of revenue that can be achieved.  If you buy a business business/franchise, the amount of revenue that you can attain is an unknown. Projections provided by a vendor/franchisor are only projections, sales may not reach the limit in a projection.  In all my years in business, I have only seen one negative projection.

Filed under: Buy a business — Gary Landa @ 2:30 pm


  1. I was on Yahoo and found your blog. Read a few of your other posts. Good work. I am looking forward to reading more from you in the future.

    Tom Stanley

    Comment by Tom Stanley — August 1, 2008 @ 3:19 pm

  2. Very good article, thank you!

    Comment by promosyon — September 26, 2008 @ 12:04 am

  3. This is the best observation i have ever seen for this subject

    Comment by bahce — September 27, 2008 @ 10:43 pm

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