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  • Casual Articles - Buyer Beware: A Few Things to Look Out for When Buying a New Small Business

    Making Money With Give-Aways
    The guy who thought of giving away free rolls of film every time you have your films developed at his photo center - is a genius!You know the rest of the story, and so do thousands of other photo centers around the world who copy this excellent promotion.STRETCHING DOLLARSA budget conscious market is always out looking for a free lunch. For this reason, you can build a marketing system that self-liquidates its associated cost, distributing gift certificates that offer free this or
    You can also contact the chamber of commerce in the city your new business will be located. Business licenses are public record, making it perfectly acceptable to ask about new businesses and their locations. It’s worth the legwork to kno
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    Buying an existing small business is a gamble – but well worth it if you take the necessary steps to make sure the business is solvent, in good standing with the public and that you won’t be taking on more than you bargained for (such as debt or damaged/outdated inventory). You can’t be certain of its success, but there are some steps you can take to help uncover any pitfalls a business for sale might have. Here are some things to check into before you make your final decision.

    Locate your competition

    When searching for an existing business to buy, do your homework! Find out where your competition is, including new construction. When you buy that little caf? only to find that there’s a commercial chain coffee shop going up across the street, it’ll be too late! Most city newspapers publish a listing of new businesses each week, and there’s nothing wrong with asking a question or two at a suspect building site near your location. You can also contact the chamber of commerce in the city your new business will be located. Business licenses are public record, making it perfectly acceptable to ask about new businesses and their locations. It’s worth the legwork to know

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    debt or damaged/outdated inventory). You can’t be certain of its success, but there are some steps you can take to help uncover any pitfalls a business for sale might have. Here are some things to check into before you make your final decision.

    Locate your competition

    When searching for an existing business to buy, do your homework! Find out where your competition is, including new construction. When you buy that little caf? only to find that there’s a commercial chain coffee shop going up across the street, it’ll be too late! Most city newspapers publish a listing of new businesses each week, and there’s nothing wrong with asking a question or two at a suspect building site near your location. You can also contact the chamber of commerce in the city your new business will be located. Business licenses are public record, making it perfectly acceptable to ask about new businesses and their locations. It’s worth the legwork to kno

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    sion.

    Locate your competition

    When searching for an existing business to buy, do your homework! Find out where your competition is, including new construction. When you buy that little caf? only to find that there’s a commercial chain coffee shop going up across the street, it’ll be too late! Most city newspapers publish a listing of new businesses each week, and there’s nothing wrong with asking a question or two at a suspect building site near your location. You can also contact the chamber of commerce in the city your new business will be located. Business licenses are public record, making it perfectly acceptable to ask about new businesses and their locations. It’s worth the legwork to kno

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    chain coffee shop going up across the street, it’ll be too late! Most city newspapers publish a listing of new businesses each week, and there’s nothing wrong with asking a question or two at a suspect building site near your location. You can also contact the chamber of commerce in the city your new business will be located. Business licenses are public record, making it perfectly acceptable to ask about new businesses and their locations. It’s worth the legwork to kno
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    You can also contact the chamber of commerce in the city your new business will be located. Business licenses are public record, making it perfectly acceptable to ask about new businesses and their locations. It’s worth the legwork to know where your competition will be before you put a down payment on your new business.

    Check the date!

    If you’re thinking of purchasing an existing business including back- inventory, be sure to make certain that the inventory is not expired or defective. You may think you’re getting a good deal when the seller tells you all back-inventory is included in the sale price; however, all you’re really getting is product you can’t sell or return for credit. Thoroughly investigate back-inventory to verify its worth before it’s your problem to dispose of!

    Business Debt: Now it’s your problem.

    Be sure to ask about all existing debts in the business’s name. When you buy that business, you get everything that comes with it, including debt. Loans made directly to the business do not travel with the seller – nor are they forgiven when a new buyer takes over.

    What’s the word around town?

    Just because you adore the quaint hardwa

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