If you want to become an entrepreneur but feel that it’s too much work to start from scratch, don’t worry, there is an alternative solution. Why not acquire an existing business?
Although acquiring a business means spending more money up front, there are upsides – less risk, taking over an existing business with an established client base, more control over profits, managerial and sales strategies, and so on.
If you’re considering buying an existing business, before forking over any cash, here are the tough questions you need to ask and the steps you need to take to ensure a successful sale and smooth transition post-sale.
