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Funding a business
How To Buy an Already Established Business
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[QUOTE="Leah Kelvin, post: 342929, member: 106815"] Entrepreneurs have an opportunity of buying a business that is already established. First, one should come up with criteria for purchasing the business, do market research, source for businesses on sale, evaluate the worth of the business and agree on terms of purchase. One can consider industry, size of the company location in profitability among others. It is also important to look at market trends , competition demographics and legal framework .One can use online markets; go for brokers and networking events to find such information. Finally, one should evaluate operations performance , financial status, assets/liabilities as well as existing legal structures in order to look out for inherent risks .In this regard, it may be necessary to engage both legal and financial experts so that they draft a formal agreement to buy it. To purchase a business you might want to consider your savings or investments from other people who want your company to expand. After obtaining all these licenses and permits required by law start collecting signatures. Lastly coordinate with seller’s representative as well as financial institutions including bankers who are doing due diligence work on you behalf before closing on this deal completely.Above all though we must make sure we plan the integration process properly.Such kind of an acquisition requires extensive planning, thorough checking and bargaining skills.Acquisition professionals can help smooth out issues that may arise during the process hence increasing chances of success when acquiring a business . [/QUOTE]
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