Buying a business entails some risks but these are less than when you start a new business. An existing business has the necessary equipment and inventory; customers; trained employees; and performance history. Before committing to buy a small business, consider the following. 1. Emerging Threat in the Location A small business for sale may be …
The U.S. Small Business Administration has various loan programs that provide business financing for small businesses. It particularly caters to new and existing small businesses that are unable to secure business loans from lending institutions on their own. The SBA does not directly provide financing. It works with other lending companies and guarantees that the …
At one time or another, nearly every employee dreams of owning a business. Perhaps you’re tired of all your hard work ending up helping someone else achieve his or her entrepreneurial success, or you may fear for losing your job in a weakened economy. Whatever your motivation, the compulsion to own a business is strong …
Whether you own a business and want to sell it, or else you’re an entrepreneur who desires to buy an existing small business, somehow or other you need to know what the company is worth. On the selling side, the plan is to make the price low enough to attract a bevy of buyers, while …