Augusta
VIP Contributor
An owner of an established business can want to sell off a business for various reasons ranging from relocation to change of business. It might seems a good idea to you to inherit the business via buying but you need to take into consideration some factors abd be sure of it's foundation before parting with your money.
The below pointe must be given a thought and be sure before proceeding with payment
1. The company's books: You need to check the books to know it's assets and liabilities. Make sure that the assets exceed it's liabilities
2. Check the Company's reputation in the community: Find out what they community are saying about the company. Be sure that the good supersedes the negatives.
3. Check for it's Potential for growth: Find out about its growth level in the next 3-4 years
4. Find out the reason for seller leaving: If it doesn't make logical sense to you don't buy the business.
What's your thoughts?
The below pointe must be given a thought and be sure before proceeding with payment
1. The company's books: You need to check the books to know it's assets and liabilities. Make sure that the assets exceed it's liabilities
2. Check the Company's reputation in the community: Find out what they community are saying about the company. Be sure that the good supersedes the negatives.
3. Check for it's Potential for growth: Find out about its growth level in the next 3-4 years
4. Find out the reason for seller leaving: If it doesn't make logical sense to you don't buy the business.
What's your thoughts?