MBA896 Should You Buy a Business Instead of Starting One?
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Most people think that being an entrepreneur means starting a business. But there’s another option, an alternative path to independent success: buying a business! We don’t often think of this option, but with some capital and a smart purchase plan, it can be the right move. Pre-owned cars and homes can be great investments, so why not businesses? So much of the work that goes into building a business is done already. And while there is other work to be done when buying as opposed to building, that completed work represents a huge advantage. So what does it take to be a successful business buyer? That’s the topic of today’s deep-dive lesson. We begin with the two essential questions every would-be entrepreneur should consider before they reach for their checkbook. First, is buying the right option for me? Second, what’s the right business to buy? We detail where and how to find businesses with great potential, how to evaluate them, and how to determine what they’re worth. We walk you through the essential…