The best way to start a business—is to buy one Seeking a way out of the traditional corporate world? Eager to start a business where you are the boss? You should consider buying your own business. Buying a business is the most viable and exciting alternative available for those searching for a new, entrepreneurial way of life. In fact, more people will go into business for themselves in the next five years than in the last two decades combined. Buy Your Own Business is a comprehensive field guide that shows how to define goals and map out surefire strategies for finding—and ultimately buying—a business that will work. This book covers all you need to know about:
- Determining what type of business (retail, service, manufacturing, or wholesale) is right for you, including whether you should consider a franchise
- Finding creative methods of financing the acquisition
- Negotiating price, structuring the transaction to protect your legal interests and improve the tax consequences, and closing the deal
- Making the business a success once the ink has dried.
