How to Take Over a Small Business

If you have ever wanted to open up your own business, but found yourself with less funding than you need, there is another option you should consider. Taking over an existing business saves you money because you don't have to advertise as hard (people already know about the business), and you don't have to buy the start up furniture and supplies....

Building your own business is hard work. That's why many entrepreneurs choose to buy an existing business rather than starting from scratch. But how can you avoid sinking all your resources into a business that is sure to fail? What should you look for? What should you avoid? This article will help you evaluate the advantages and disadvantages of buying an existing business, as well as provide you with some tips that should help guide you as you make what is bound to be one of the most important decisions you will ever make.
Tags: How to Purchase an Existing Business,legalzoom,Starting Your Business,Business Management

By Mason Revelette I’ve grown up in a family that has always owned companies. I’m used to the long hours, talking shop at the dinner table and making sacrifices to make sure our business succeeds. Now that my parents have put in their 50 years of service to the working world, we have [...]
Tags: Entrepreneurs,Management,Microbusiness,Startups

Purchasing an existing business offers significant advantages over starting a business from scratch. An existing business should have a history of sales and profits and processes and procedures that ...