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Casual Articles - Buy A Business Without Paying For An Attorney, CPA, Airline Ticket Or Even A Taxi Cab Ride
Have you ever been to a seminar that was on your favorite topic and came home with pages of notes, all written in scribble scratch, because you were devouring all the speakers’ words and writing notes lightning fast?You loved the stories and
And while it's true you need to have an attorney and a CPA help you through the whole process, if you understand what t
In order to gain employment, we must face at least one interview. There are several different kinds of interviews and common questions that may be asked. Knowing what to expect, and preparing, are the best tools toward success.Types of Inter
And I always tell them -- and this is absolutely true -- the reason I don't do anything but buy businesses is because, in 50 years of doing so, I still have yet to come across a better investment than buying a business. In fact, nothing else even comes close in terms of both return on investment and risk.
Let’s put it this way. If you get any financing at all, the cap rate on the average business with some
financing is about 60 percent. What I mean by "cap rate" is you’re getting 60 percent of your money back
every year.
So, if you invest $100,000, you’re going to get $60,000 back a year. I mean, on real estate you invest a $100,000 and you’re going to get 10,000 back -- if that. So, buying a business gets you six times what you normally get with real estate and blows it right out of the water as an investment.
But it’s actually more than that because the amount you normally invest (if you use investor financing) is as close as you can get to zero in most cases.
And while it's true you need to have an attorney and a CPA help you through the whole process, if you understand what t
Buying a safe for your business can be a daunting task, there are so many places you can buy a safe, there are so many kinds of safes to choose from, and there are many safes on the market that will not provide the proper protection.The firs
Let’s put it this way. If you get any financing at all, the cap rate on the average business with some
financing is about 60 percent. What I mean by "cap rate" is you’re getting 60 percent of your money back
every year.
So, if you invest $100,000, you’re going to get $60,000 back a year. I mean, on real estate you invest a $100,000 and you’re going to get 10,000 back -- if that. So, buying a business gets you six times what you normally get with real estate and blows it right out of the water as an investment.
But it’s actually more than that because the amount you normally invest (if you use investor financing) is as close as you can get to zero in most cases.
And while it's true you need to have an attorney and a CPA help you through the whole process, if you understand what t
Your interview is coming up and you are feeling very confident. You’ve thought through how your personal presentation will sound and you are ready to go. You are confident that you have anticipated the questions they might ask you and have prepared
So, if you invest $100,000, you’re going to get $60,000 back a year. I mean, on real estate you invest a $100,000 and you’re going to get 10,000 back -- if that. So, buying a business gets you six times what you normally get with real estate and blows it right out of the water as an investment.
But it’s actually more than that because the amount you normally invest (if you use investor financing) is as close as you can get to zero in most cases.
And while it's true you need to have an attorney and a CPA help you through the whole process, if you understand what t
As much as billers don't want to think about it, software for medical billing is not perfect. There are going to be problems, sometimes lots of them. In the next series of articles, which will cover a number of critical areas of the DME software
But it’s actually more than that because the amount you normally invest (if you use investor financing) is as close as you can get to zero in most cases.
And while it's true you need to have an attorney and a CPA help you through the whole process, if you understand what t
Selling your business note for a lump sum is a viable option if you need fast money from your business. For most note holders, the game plan is simple: sell the company and then get paid monthly until it is paid off. It is a stable scheme, but some
And while it's true you need to have an attorney and a CPA help you through the whole process, if you understand what to say to them, they’ll "ride along" with you, not billing you until after you actually buy a business -- so you can pay them with money from the business you bought, and not your own money. You may also have expenses for traveling to different cities, too, if you choose to go long distance. But even with that, you just make sure you tell your investors that at the close of escrow, you're pulling back all the money you invested. Which they will almost never complain or care about.
Again, I have yet to see anything else that even comes close to buying a business as far as return on investment and risk go.
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