BUYING OR SELLING A BUSINESS

When buying or selling a business all parties involved need to know the process of doing their homework. Those are the areas of legal, financial and operational. When looking to buy a business, entrepeneurs need to look in areas that they are passionate about or have previous experience in. This provides the launch they need when looking to gain entree in business. Sellers on the other hand can be proactive in facilitating the sale to the buyer. By holding paper on the existing business this makes it more attractive to the lender and helps the buyer gain approval. The seller can also offer to stay at the business for a period of time in order to help transistion the new owner and reassure customers. In this show Bob Myers and Kevin Monahan provide practical experience and solutions for both parties.