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Business strategy
Things to consider before you buy a business
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[QUOTE="Holicent, post: 265613, member: 76163"] Buying a business is a lot like getting married. You've got to consider a whole lot of things before you can walk down the aisle and say "I do." Before you buy a business, there are some important decisions you need to make. The first decision that comes up is whether or not to buy a business at all. The answer here will depend on how much money you have, how much time you want to put into it and how risky it is for someone who hasn't been in business before. Buying a business is generally more risky than buying an individual stock, but it can also be more profitable for those with enough capital behind them. Another important consideration is whether or not the company has good management in place. This can mean hiring an experienced manager who knows how to run a successful business or finding people who have experience running their own companies and bringing them on as employees of your new one. If possible, try to get someone with proven results who has already made mistakes so that they won't repeat them with your company. The last thing that needs consideration when buying a business is whether or not it's profitable enough for initial investment costs. [/QUOTE]
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