BizSugar.com › Startups › Tips for Business: 4 Steps Involved in Buying a New Small Business? Research! Research! Research! Research!

In some cases, you may not have a business already in mind. You may have the willingness and ability to purchase an existing business, but are unsure where to find the right company to buy. If this is the case, first analyze the types of businesses you would like to own and why. Skills, experience and know-how in that industry are critical to being successful.