How To Toss Your Boss And Go Into Business Yourself The Easy Way: Top 10 Tips On Buying A Pre-existing Business
Maybe youve always wanted to be an entrepreneur, or maybe youve just decided you are sick of working for someone else. Whatever your reason, the prospect of starting a business is exciting, but daunting. If youve looked into it, you probably know the statistics: 96 percent of small business startups fail in the first three years. Who wants to risk those odds?
Fortunately, there is a better way to become your own boss, with a much higher success rate. You can buy an existing business and skip the startup struggle. Sounds great, right? Before you plug business for sale into your favorite search engine and start looking for offers, there are a few things you should know.
Buying a business is a process, not an event. If you head into the process without knowing what youre doing, you negate the advantage of buying versus starting from scratch. Here are 10 tips to help you navigate the business market and pick a winner:
1. Do some research into the process of buying a business, and educate yourself on the steps you will have to take. Dont rely...
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