Wednesday, July 21, 2010

Buying and Selling a Small Business - Why some Business Buyers will Never Buy a Business



The facts about some Business Buyers -
They’re looking for the perfect business.  It’s a case of paralyze by analyze.  Some business buyers just love looking at businesses - they will do lots of spreadsheets; they analyze every detail…it’s a hobby

They are not so much looking for the perfect business, but looking for the fault or the reason why they wouldn’t buy it.

It’s a common characteristic within particular occupations.  The business buyer may begin with the best intentions but lacks the motivation to keep looking and are not prepared to educate him or herself on the process.  Particular buyers have totally unrealistic expectations regarding the price of businesses and think they will buy a good business for nothing.

Some business buyers have very little idea what it means to own and operate a small business and it can come as a rude shock when they learn that most business owners work very hard put in long hours.  They are motivated to buy a business so they don’t have to work so hard , they have naive ideas.

Whether Small business buyers or sellers, they can be easily influenced -

Others who are opposed to the purchase of a business can influence buyers.  Common within family’s that have never experienced small business, they are worried they do not or cannot understand the need to be "your own boss” - transferring their own fears onto the buyer. 

Using a helpful resource such as the Bizbuy Kit or Bizsale Kit assists prospective business buyers and business sellers who need to know about buying and selling small business at the correct value.
 

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