With a shrinking, rocky economy come lots of opportunities! Small business owners who are struggling and no longer willing to invest in their business are looking to sell their ventures. It might be the perfect time for you to consider buying an existing small business.
You should definitely consider the unique sales proposition (USP) of any business, whether you develop or purchase it. If it doesn’t speak to a particular market or fulfill an unmet need, there is no point in pursuing it. And you should also consider your personal skill set and if it is matched to the opportunity.
There are many other things to consider when buying an existing small business. As a CPA, attorney and certified business valuation expert, I have over 30 years of experience helping determine the appropriate value and viability of business opportunities.
Right now, I’m offering a FREE 12-lesson e-course “How to Buy a Small Business” which you can receive by signing up here. It can easily save you thousands of lost dollars and steer you towards the perfect business for you.
by Steven Schlagel