Buying a Business

14 real good reasons why buying a business can be better than starting from scratch.

		When Buying	When Selling
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 start with tarined 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 operating procedures been developed and implemented yet?	Yes	No
8	GOVERNMENTAL REPORTS - have the numerous reporting requirements been addressed and installed?	Yes	No
9	HARD ASSETS - can you ever get any hard assets, as part of a package deal, free?	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 - do you have a previous owner willing to train and coach you?	Yes	No
12	SELLER FINANCING - is the seller willing to finance part of the business pruchase 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