You can own your own business now. Just find something you do well and like to do and act on this passion. Although the possibilities are endless, you can make choices through a trial and error process. If you have been working for others your entire life and have had it up to your eye brows, a move into something of your own may be your best move. I know–but what? This was my story many moons ago, so you may have to go through a similar process to mine to narrow your choices.
Most likely, if the broker doesn’t have a site, he or she is behind the times. The Internet is a powerful marketing tool for business for sale bangkok, according to Cooper. Is the site well-written? That’s another way to gauge a broker’s competence, he adds.
Hire a lawyer. This isn’t necessary if you are selling a very small Business brokers online but this is crucial if there is a huge money involved. Hire the best lawyer in town who can help you prepare your documents and draft the selling contract. This is very important in making sure that you will land a great deal.
You can also choose to buy a business that excites you. It will be easier for you to succeed in a business where you enjoy working or which you can consider as a nice hobby.
If things are less than a million dollars, maybe it’s more like 12 percent. And then if it’s less than $100,000 you’re going to have some sort of minimum fee.
If you have friends who are writers, have them come in for a book signing and/or talk. You will be surprised at how people will come to hear a local author. Some advertising may be necessary to gain the audience.
Have I scared you? Good. There is a plus side. It is worth all the grief that you go through to buy a business when you get in to the drivers seat, put all the marketing actions into place and start driving your own business.
Of course the business broker will try to get you to eliminate most of these “subject to’s” because they get in the way of an easy sale. But be sure to include enough outs to limit your liability. You will want 2 to 3 weeks to review the books and financial records. The Seller must agree not to look at any other offers doing this time. You will find that most business brokers will want you to lift your contingencies in around 5 days under normal circumstances. Remember, you are not operating under the norm, so go for the longer period, even if you only get 2 weeks. You might need this extra time to put your financing together. Your no money down strategies sometimes takes a little longer.