Buying - Purchasing a small privately owned business - franchise, entrepreneur owned sole proprietorship or closely held corporation

 Buying A Business

Senior Mag Home

Search

business management

 

 

 

Make text on page larger and easier to readMake text smaller to get more text on the page  

Marketing >> Buying A Business >> Buying a business

Buying an existing Business

 

Many find the idea of running a small business appealing, but lose their motivation after dealing with business plans, investors, and legal issues associated with new start-ups. For those disheartened by such risky undertakings, buying an existing business is often a simpler and safer alternative.

Advantages of buying a business

The main reason to buy an existing business is the drastic reduction in start-up costs of time, money, and energy. In addition, cash flow may start immediately thanks to existing inventory and receivables. Other benefits include pre-existing customer goodwill and easier financing opportunities, if the business has a positive track record.

Disadvantages of buying a business

The biggest block to buying a small business outright is the initial purchasing cost. Because the business concept, customer base, brands, and other fundamental work has already been done, the financial costs of acquiring an existing business is usually greater then starting one from nothing. Other possible disadvantages include hidden problems associated with the business and receivables that are valued at the time of purchase, but later turn out to be non-collectable. Good research is the key to avoiding these problems.

 

Marketing >> Buying A Business >> Buying

 

- SeniorMag.com  
Advertising

Terms/Disclaimer

Sponsored Links

Hot Links
Tax Help
Wheelchairs
Long Term Care Insurance
Glucose monitors 
Electric Scooters
Diabetic Supplies
Hearing Aids
Senior Travel
Walking canes
Structured Settlements

Visit MealCall.org to find Meals on Wheels & Congregate Meal 
sites for seniors

advertising

  SeniorMag