You’re seriously considering buying a business.
It’s an exciting and sometimes stressful time. You’re ready to tackle your next challenge head-on and this new business may just be the biggest yet. But, before you get the process going, you need to ask yourself some pretty tough questions to make sure you’re really ready.
Topics: Buying a Business
Statistics show that 50 percent of new businesses fail within the first year. That number jumps to as high as 95 percent within five years. Knowing this, if you’re currently running a successful business and raking in profits, it has tremendous value. And even though things might be going quite well, this is exactly why selling your business makes sense - even when things are good.
Topics: Business For Sale, purchasing a business, Buying a Business, selling business action plan, business valuations, Selling in Business in Philadelphia
Hiring the expertise of an experienced business broker makes good financial sense, especially when dealing with business decisions outside your own area of expertise. If you are considering buying or selling your business, the primary goal is, of course, how to optimize your sale or purchase. Getting the services of a reliable and knowledgeable business broker can make a huge difference.
Topics: Selling your business, Buying a Business