Here are 14 things to consider when determining the advantages of
|
||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|
Buying |
Starting |
|||
|
1 |
CUSTOMERS |
Will your business have an established customer base? |
Yes |
No |
|
2 |
PRODUCT OR SERVICE |
Has the product or service been accepted by consumers yet? |
Yes |
No |
|
3 |
EMPLOYEES |
Will you be equipped with trained and dedicated employees? |
Yes |
No |
|
4 |
CASH FLOW |
Will your business have a positive cash flow? |
Yes |
No |
|
5 |
SURVIVOR |
Has your business passed through the initial 80% failure rate period? |
Yes |
No |
|
6 |
EXCELLENT BARGAINS |
Are there any existing bargains to be found? |
Yes |
No |
|
7 |
OPERATING PROCEDURES |
Have the standard operating procedures been developed and communicated? |
Yes |
No |
|
8 |
GOVERNMENTAL REPORTS |
Have the numerous reporting requirements been addressed and implemented? |
Yes |
No |
|
9 |
HARD ASSETS |
Are the hard assets required to run your business part of a package deal at no additional cost? |
Yes |
No |
|
10 |
INTANGIBLE ASSETS |
Will your business have any goodwill, such as public acceptance, employee efficiency, and customer loyalty? |
Yes |
No |
|
11 |
SELLER COACHING |
Will you have the benefit of a previous owner able to train and coach you? |
Yes |
No |
|
12 |
SELLER FINANCING |
Is the seller willing to finance part of the business purchase price? |
Yes |
No |
|
13 |
BANK FINANCING |
Are banks more willing to finance you on the merits of the business? |
Yes |
No |
|
14 |
INSTANT EQUITY |
Can you get instant net worth from your new business? |
Yes |
No |
Interested in buying a business? Start by searching our listings to the top right.
|
|