Bisolami
Verified member
I have heard so many stories of buying someone's business but I think it is not very cool for me and it may be good for the person who wants to buy the business as long as a person is cool with the agreement that he and the other person has.
There are also some companies that buy the products of other companies in a way that they will be the new owner of the products and the old company will not be the owner of the products anymore. It also depends on the agreement because a business owner should be able to make agreements which is going to favour him and his partner.
I have not bought any business of someone before but I don't think it is a bad idea to buy someone's business as long as you are going to be able to continue the business from where the person stopped and you are going to take the business to a greater height.
You should also understand how the person runs his business so that you are going to start up from there and it is not going to be very difficult for you when you want to start.
There are also some companies that buy the products of other companies in a way that they will be the new owner of the products and the old company will not be the owner of the products anymore. It also depends on the agreement because a business owner should be able to make agreements which is going to favour him and his partner.
I have not bought any business of someone before but I don't think it is a bad idea to buy someone's business as long as you are going to be able to continue the business from where the person stopped and you are going to take the business to a greater height.
You should also understand how the person runs his business so that you are going to start up from there and it is not going to be very difficult for you when you want to start.
