By Richard A. Joseph
This ebook is aimed toward the subtle entrepreneur who desires to construct a occupation or wealth by way of possessing their very own small company. how one can purchase a company indicates how issues paintings within the energetic small company industry, overlaying intimately such matters as: * discovering and comparing applicants for acquisition. * Financing, negotiating and structuring the deal. * facing felony and tax impliclications. * how one can buy on the correct time for the appropriate rate.
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Extra resources for How To Buy a Business
1¢141dc20 CIP Page iii Acknowledgments We would like to thank Jeremy Solomon, Patrick Hogan, Jeff Babin, Ivan Bailey, Lynne Scalapino, Trish Malbon, Doug Wilbourne, Leslie Benoliel, Alex Hamilton, the Sol C. Snider Entrepreneurial Department and all of the entrepreneurs who shared their stories with us so that we could incorporate them into this book. Page iv Contents Acknowledgments iii Foreword vi Preface ix 1. Why Buy a Small Business? 1 2. Considerations When Buying a Small Business 10 3. Planning Your Search 20 4.
If you are one of these people, you are to be commended. By owning a small business, you can help improve the economy, your community and your own well-being! In the chapters that follow, we will discuss the acquisition process from the early stages of self-assessment and creating "deal flow" to the final stages of closing the deal and managing the acquisition. Whether you eventually purchase a business or not, participating in this dynamic and growing marketplace will certainly be a valuable experience.
Can they identify with your entrepreneurial interests? If they are dependent on you, are you confident that you can support them, or do you have contingency plans in case things don't work out? These are important questions to ask yourself. If you find a business quickly, purchase it and succeed beyond your wildest dreams, then perhaps these issues won't be important. However, in the worst case, having thought about these things beforehand will help you in the future. Friends/Business Associates Many of the same issues that arise regarding family should be considered when thinking about friends and business associates.
How To Buy a Business by Richard A. Joseph