Buying a business

Buying an established business requires a major commitment of time, money and energy. Doing your research before making a decision is essential.

Advantages of buying a business

initial establishment and ground work has been done

client base is established

there is an existing market for the products/services

a proven financial record that could make it easier to access finance.

Disadvantages of buying a business

you may need to honour or renegotiate outstanding contracts

the current staff could prove hostile

you may need to invest additional money to make the business successful.




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