Successfully buy your business

When an entrepreneur first decides to look at business ownership, it generally sets off a series of complex and confusing questions as well as an emotional roller coaster. The complex and confusing questions include…Will I buy an existing business? If it’s already an existing business it should come with an established with a customer base, trained employees, and business procedures thereby lowering your risk. What about buying a franchise? This may be easier as I then have the franchisor to help me? How about I start my own business, I can then do it my way? If I start my own business, what will I do and will it be successful? The bottom line is that it’s already pretty confusing and hard to decide.

As we’ve seen above, business ownership has three different paths, however, this workbook is built for one purpose only and that is to help a business owner who is considering buying their own business. Lots of would-be entrepreneurs go down the path of looking to buy or start their own business. Many stop before they really get going, while many start but don’t conclude the journey as they run out of time, money, enthusiasm or all of these reasons combined, or for other reasons. If your preference is to start your own business, a separate workbook is available called Successfully Start Your Business: Expert Advice from a Business Broker. If your decision is to buy a franchise then please look for my workbook called Successfully Buy Your Franchise: Expert Advice from a Business Broker.

If this workbook has one purpose it has two goals. The first goal is to outline and inform the different tasks and questions a business buyer will ask as they move through the decision making process. The second goal is to encourage you, as the business buyer, once you buy your business, to use your first 100 days to build solid processes and put systems and strategies in place so your business settles and grows with you as the new owner. Perhaps I can hear you gasp – that doesn’t make much sense, but obviously I beg to differ.

The inspiration for this guide comes from my personal experiences in buying, selling, owning, and operating five businesses in two countries, researching many, many different types of businesses, and my current experience as a business consultant/broker to those that wish to enter or exit business ownership. I wish someone had given me some organized structure to tackle this difficult experience as I have had to learn it the hard way. Now my goal is to help make that journey easier for you. For more information visit my website at http://www.RogersonBusinessServices.com