Buying or Selling a Small Business is Risky Business

Posted by ivanpw under Strategy
From http://www.noobpreneur.com 3933 days ago
Made Hot by: problogger78 on July 15, 2013 6:51 pm

30 to 50 percent of the buyers who purchase a small business fail within three years. If you are buying or selling a business, here are some things to avoid.

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Comments

Written by bloggerpalooza
3933 days ago

Buying business pops up in my mind last year. But I was not too careless to realize how dangerous is it. It is possible that there are so many harsh responsibility to do, after buying. Establish franchise maybe is a better idea. Thanks for sharing.

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Written by bloggerpalooza
3930 days ago

But if you franchise a branded business from the other country, there is pretty sure a good outcome. For example, a Starbucks. There is no Starbucks business establishment here in our place, and many residents and tourist craving to have it here so why not grab the opportunity to franchise Starbucks and build it here. Expecting there is already an enough capital.

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Written by ivanpw
3932 days ago

Unfortunately, I have proven that franchising is as risky as buying a business... the best thing you can do is looking for a consultant with the right industry know-how.

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Written by BizRock
3933 days ago

Selling a business isn’t simple, but most entrepreneurs have more options than they realize. Taking the wrong approach could have serious financial consequences, buying or selling a small business is risky business.Many thanks for very helpful article.

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