Having your own company can be a financially rewarding experience. The thrill of running your own business and being your own boss without having to answer to anyone is one of the many reasons why people opt to leave the workforce and start their own companies. Running your own company can be a …
Buying a Business Articles and Interviews (tag)
Could These Be the 8 Worst Business Decisions Ever Made?
It’s never easy to be faced with the prospect of selling your business, expanding it by acquiring another one, or signing a huge business deal. The decision you make could make you successful beyond your wildest dreams, or it could turn out to be the worst mistake of your life, financially …
Smooth Transition: How to Buy a Business and Keep the Existing Employees
When you buy an existing business, as well as taking on the running of the operation, you may also find yourself with a whole new set of employees. If you wish to keep on the existing staff – and you are usually under no obligation to do so – the changeover process must be handled delicately. A …
Buying a Business: Forget Trust – Understand Due Diligence
According to the U.S. Bureau of Labor Statistics, over 50% of start-up businesses fail within five years. This is a staggering statistic and one that should bring concern to anyone seeking to start a new business venture. An alternative to starting a new business is to purchase an existing …
Transitioning a Family Business: How to Do It and Keep the Family Intact
Statistics compiled by Johnson Cornell University tell us that 40 percent of all U.S.-based family businesses, of which there are approximately 5.5 million, are passed down to the next generation. From there, about 13 percent keep their doors open long enough to be transferred to the third …
Tips for Purchasing an Existing Small Business
Starting a new business from scratch can seem overwhelming. That’s why you may be considering buying an existing business and then giving it your own personal stamp. There are definite advantages to buying an existing business. In most cases, you are buying an established brand, an existing …
