Purchasing a business is a significant investment that requires careful planning and analysis. One of the most critical steps in this process is financial due diligence. Enlisting the help of expert accountants to help carry out due diligence can ensure that this critical process is performed with …
Buying a Business Articles and Interviews (tag)
Is it Better to Start Your Own Business or Buy an Existing One?
According to the Small Business Administration (SBA), about 90% of new businesses fail within the first year. These figures show how difficult it is to set up a business from scratch. However, whether you decide to start your own company or purchase an existing one, each alternative has its own set …
Breaking into Entrepreneurism: Should You Buy or Build Your First Business?
Students and aspiring entrepreneurs often ask me whether it’s better to start a business from scratch or to buy an existing one. My answer is always “Both!” As a business owner, I’ve launched companies both ways — and many other ways in between — over the years. Let’s examine how to initiate …
Why You Should Buy a Pharmacy Business
Investors are always looking for where to put their money so it's the most productive, but investing in a business isn't something that's on all their minds. However, businesses are one of the best things you can own if you're interested in revenue. Owning a pharmacy is a great way to boost your …
3 Benefits of Utilizing a Business Broker
Whether you’re selling your business, or you’re planning to buy a business, working with a broker can be invaluable. Business brokers can help you sell your business faster if you’re an owner, and they can connect you with a business that’s well-suited to your budget and your needs if you’re a …
Don’t Forget These Things When Buying a Business
Do you have your eyes on a business for sale? You’ll need to do your due diligence, meaning your research process needs to be very thorough. In evaluating any business for sale in Miami you’ll need to check its financial statements, the overall economic stability in the industry, the asking …
