Buying A Business - Do You Have What It Takes?

Buying A Business - Buying The Right Business

Do You Have What It Takes To Buy A Good Business?

Do you have the type of personality to work for yourself?
How do you truly feel about risk?
Have you always worked for other people?

Before going ahead and buying a business, it's important to put things in perspective and really envisage physically being in a business.

Leaving the security of regular pay each week can be a big step and how you feel about this is just one of the things we look at in determining whether self-employment is for you or not.

You don’t want to quit your job just yet.

Being a small business owner can be exciting, rewarding, challenging and…your biggest nightmare; and that’s all on the same day . Many new business owners will find themselves working longer hours than before, particularly in the early stages.

The payoff is that it is under your control. You and your family will benefit directly from your efforts . As your business develops and grows, it should become less dependent on you.

Straight talk:

Businesses that are heavily dependent on the owner will have limited appeal to future business buyers.