Buying a business can be a roller coaster ride – exciting high points mixed with daunting
low points.
It is a process of elimination, involving a number of steps. Each new step might
only be taken after successful completion of the previous step.
The key is to be well prepared.
What Do I Really Want in a Business?
To have a reasonable chance of success you need to know the answers to a number of
important questions:
- What do I expect from the business?
- What can I contribute to the business?
- What are my business strengths, weaknesses and experience?
- What kind of business am I best suited to run?
- How much Capital can I raise?
- What will my exit strategy be?
Where are you in the process of Purchasing a Business?
Because it is a process of elimination, we will only be able to assist you to the extent that
you are open about where you stand in the evaluation cycle. Are you:
- Evaluating whether you are suited to buying a business i.e. fact finding?
- Have you identified the types of business you are interested in and are now investigating those?
- Are you set on a particular type of business in a certain location?
- Do you have finance approved and ready to buy that specific business?
- Are you an experienced operator looking for an acquisition or investment?
Professional Advice
Before looking to purchase a business and again when you have selected the appropriate
business you should obtain appropriate legal and financial advice.
Disclaimer: We accept no responsibility and disclaim all liability in respect of any errors, omission,inaccuracies or misstatements contained in this document. Prospective buyers should make their own enquiries to verify information contained in this document and should consider obtaining professional advice in relation to the purchase of a business.