Finding A Business To Buy: Tips


Visitors: 133

Before buying a business, you need to consider many issues like location, financial viability of the business, and the skills and experience you can bring into it. Your personality and interests are also important when deciding on which business to buy.

Finding a Business to Buy: Choosing the Right Business Before investing in a business, here are some things to keep in mind.

  • Location: The distance between your home and business is very important. You should be able to handle the daily activities of employees if your business is located far away from your home.

  • Tax: Find out about the tax laws in your area.

  • Expansion: Does the space around the property allow for expansion?

  • Funds: Do you have the funds to spend on the property?

  • Relocation: Can you move the business to another location if you want to?

    Searching For a Business to Buy:

    There are many ways you can search a business to buy. Here are some suggestions:

  • Word of Mouth: Spread the word in your community, church, and club. Attend conferences of the Chamber of Commerce, and get to know people in the industry. This will help you learn about potential businesses to buy.

  • Classifieds: Read the newspaper classifieds about businesses on sale. You may come across something that suits you.

  • Newsletters: Subscribe to newsletters of a particular area or industry. They can lead you to some wonderful business opportunities.

  • Broker: A business broker can help you locate the kind of business you plan to buy. Just make sure the broker is reliable and has a good track record.

  • Internet: You can check advertisements on the internet, or put up your own ads.

    Things to Remember When Looking For a Business to Buy:

  • You must be careful when hiring a business broker. If the broker appears too keen to sell a business, then you should investigate the deal thoroughly.

  • The broker should be a member of the State Business Broker Association.

  • The Business Reference Guide is of invaluable help when trying to find a business to buy. The guide can be found in good libraries and reading rooms of business organizations.

    You must select the business you want to invest in carefully. Many inexperienced businesspersons end up with a loss making business. You can go through classifieds and Yellow Pages to see if there is a business for sale you would be interested in. If you want more help in deciding which business to buy, you can consult a small business advisor.

    Alexander Gordon is a writer for - The Small Business Consulting Community. Sign-up for the free success steps newsletter and get our booklet valued at $24.95 for free as a special bonus. The newsletter provides daily strategies on starting and significantly growing a business.

    Business Owners all across the country are joining “The Community of Small Business Owners" to receive and provide strategies, insight, tips, support and more on starting, managing, growing, and selling their businesses. As a member, you will have access to true Millionaire Business Owners who will provide strategies and tips from their real-life experiences.

  • (570)

    Article Source:

    Rate this Article: 
    Finding a Legitimate Turnkey Home Business - Tips For Success
    Rated 4 / 5
    based on 5 votes

    Related Articles:

    Tips on Finding Wholesale Items For Your Business

    by: Gerry Restrivera (October 22, 2008) 
    (Shopping and Product Reviews)

    Great Tips For Finding a Home Business

    by: Donna Westermeier (July 28, 2008) 
    (Home Based Business)

    Tips For Finding A Serious Home Based Business

    by: Shaunta Pleasant (November 23, 2006) 
    (Home Based Business)

    Tips on Finding a Hosting Service for Your Business Website

    by: Yvette McGovern (August 16, 2005) 
    (Internet and Businesses Online/Web Hosting)

    Finding Money For Your Business Through Creative Thinking Tips

    by: Tl Kleban (March 07, 2008) 
    (Finance/Wealth Building)

    Tips on Finding the Best Shopping Cart For Your Ecommerce Business

    by: Corey Landis (September 01, 2008) 
    (Internet and Businesses Online/Ecommerce)

    Real Estate Tips On Finding A Business Partner

    by: Shane Toews (August 25, 2006) 
    (Real Estate)

    New Ideas Your Small Business - 7 Tips For Finding Inspiration

    by: Dianne McLay (March 05, 2007) 

    Tips For Finding A Work At Home MLM Business Opportunity

    by: Daegan Smith (May 15, 2005) 
    (Home Based Business/Network Marketing)

    Finding a Legitimate Turnkey Home Business - Tips For Success

    by: James Lubbot (December 15, 2008) 
    (Home Based Business)