Before You Buy a Business…

• Get help from a good business broker who understands your needs and what you’re

looking for

• Do some research on the industry you’re considering and get an idea of its future

trajectory

• If you already own a business, figure out how the new business and its employees can be incorporated into your current company
• Dig into the business’s reputation and uncover any hurdles that need to be overcome
• Does the business need a turnaround?
• Why is the company for sale? Don’t assume, it’s your job to ask the tough questions so you can uncover problems now rather than later
• Ask for all the business’s financials to go over with your accountant
• Ask the seller if there are any legal issues that may hamper our ability to do business.