Buying a business
Buying an established business or franchise can be a good way to embark on a new business venture. Investing in a proven business model or an existing business with established customers and cash flow, offers some advantages to starting a business from scratch. Your business advisers can assist you to negotiate a fair purchase price or franchise agreement and assess the potential of your business. This is an introduction to buying a business.
The process of buying a business can be slow. Here are some suggestions to help maximise your business opportunities particularly if you are looking for a business in a set location, or a business in specific industry. Discover how brokers, the internet, and publications can help to speed the process up.
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Do you want to know more about the business before you purchase it? When looking to buy a business you may be required to sign a confidentiality agreement to proceed with your due diligence bur prior to the final stage of purchasing. This article explains what due diligence means and things to consider when buying a business.
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Have you thought about the criteria your future business must meet? Read this article for tips on the following key areas to help you decide if you and your prospective business are compatible: business location and premises, reasons the business is being sold, existing employees, and your business competition.
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Buying an existing business is always easier and less risky than starting one from scratch. This article looks at five main advantages of buying an existing business under the following headings: customer base, products and services, employees, operating systems, and financial history.
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It is crucial to set yourself a budget when purchasing a business. After you have paid for your business there are still many unforeseen costs, and managing the business’ monthly cashflow, as well as paying for the overheads on your business can be a stretch. Here are some practical ways to prepare financially when purchasing a business, and the time that follows.
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It is important to know the value of your business or a business that you are looking to invest in or purchase. Using an accountant to put a figure on a business’ value is useful. This article also explores other methods of setting that final valuation figure based on sales statistics, capitalised earnings, the cashflow method, and realisation of assets.
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If you're facing redundancy as a result of the economic fall out then now might be a good time to consider buying a franchise. But, you need to make sure you're doing it for the right reasons. Here are some good and bad reasons for considering a franchise as an option after redundancy.
This information is brought to you by Franchise New Zealand Magazine
If you respond well to instruction and have a knack for implementing directives and business systems then setting up a franchise may be a good business venture for you. Learn what benefits franchising can offer to a franchisee, and what to look for when considering buying into a franchise.
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Many business owners start their first business by buying a franchise from a franchisor. If you're buying a franchise you'll need to ask plenty of questions to make an informed decision about the business and its potential. Here is Franchise New Zealand's list of 200 key questions to ask your franchisor about the business you're buying.
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When buying a franchise you will be expected to sign a franchise agreement - but what will you be agreeing to? This article explains what a franchise agreement is, who it protects, how to check if it is fair, and how to get through the paperwork.
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If you have been tempted to take steps toward becoming your own boss, or owning your own business this article provides the reader with a nine step approach that could get you started on the journey toward realising your business potential.
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