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Small Business For Dummies, 6th Edition
book

Small Business For Dummies, 6th Edition

by Eric Tyson, Jim Schell
April 2024
Beginner content levelBeginner
464 pages
12h 59m
English
For Dummies
Content preview from Small Business For Dummies, 6th Edition

Chapter 6

Exploring Buying a Business

IN THIS CHAPTER

Bullet Understanding good reasons to buy a small business

Bullet Figuring out when you shouldn’t go the purchase route

Bullet Identifying what you need to be successful with an existing business

After a business has been created, it can have a life of its own. The umbilical cord to its creator can be cut, and the business can pass onto various owners. In some cases, a great small business can outlive its original owners — assuming, of course, that subsequent owners have the necessary entrepreneurial and management skills.

In this chapter, we discuss the reasons why you might buy a business, but we also steer you clear when your personality and resources don’t make purchasing a good match.

Understanding Why to Buy a Business

Every year, hundreds of thousands of small businesses change hands. Why? For the same reasons that many people purchase an already-built home instead of building one from scratch — because building a home or business takes a lot of time and work and has lots of potential for problems.

We don’t mean for you to take this building analogy too far. After all, you can start most small businesses without drawing on your carpentry ...

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Publisher Resources

ISBN: 9781394242764Purchase Link