What is Due Diligence and Why is it so Important When Buying a Business? The acquisition of a business is often a life changing event involving a large financial commitment and a considerable amount of time. Performing the proper research is critical to obtaining the necessary facts and information required to make intelligent decisions and mitigate potential risks and unknowns. From a buyers perspective,... 

When starting a business from scratch, it is a foregone conclusion that a comprehensive business plan will be required.  Unfortunately, a formal business plan is often overlooked when entrepreneurs purchase an established company. The fact that the business is already in place with recurring revenue, a trained workforce, and an existing customer base does not mitigate the significance and value of... 

Where To Find The Money To Buy A Business? Obtaining capital to start up a new business enterprise, purchase an existing company, or grow an established business can be a daunting process for many entrepreneurs and business owners.  The sub-prime lending crisis and sluggish U.S. economy over the last 18 – 24 months has caused many traditional lenders to modify their lending criteria, and therefore... 

The majority of entrepreneurial minded individuals dream about one day managing their own business.  Acquiring a franchise, as opposed to starting a business from scratch, is one of those options. The following basics are covered in this article: a review of the tenets involved with franchising, industry terminology definitions, pro’s and con’s of buying a new franchise or a resale, and recommendations... 

Start a Business or Acquire a Company Individuals considering a decision to own a business have a number of available options, each with corresponding advantages and disadvantages.  The choice to start a business from scratch versus acquiring an established business is a decision that should be well thought out and carefully researched.  Performing a thorough self evaluation will greatly assist...