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... 

A mid-sized business in the Washington D.C. area branded itself as the Project Management Company. The truth is that hundreds of companies within 25 miles of the Nation’s Capital routinely provide project management services to government agencies, many of them as effectively and at lower cost. But this company clearly communicated to customers and employees that its corporate purpose was Project... 

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... 

By Richard Parker, President of The Business For Sale Buyer Resource Center™ and author of the most widely used reference resource and strategy guide for buying a business for sale – How To Buy A Good Business At A Great Price© It’s One Thing to Buy A Business, Now You Have To Run It! The first 90 days after you close on a business purchase will prove to be the most critical time in you new... 

By Richard Parker, President of The Business For Sale Buyer Resource Center™ and author of the most widely used reference resource and strategy guide for buying a business for sale – How To Buy A Good Business At A Great Price© With so many options available to you, the question will become which vein of the business- ownership arena should you pursue? Between franchises, existing businesses,... 

The statistics for the success of start up businesses is really bad. More than 95% of businesses fail in the first 5 years. But there is a way for you or your business to skip this vulnerable step. Buy a business that is already profitable. When you start from scratch, your revenues are going to be uncertain and so will your profits. When you buy a business that is already profitable, that business...