Start Your Own Business-Part 11

The title of this show in this series is buying an existing business. We will cover topic such as sometimes it's better not to start from scratch, why buy an existing business?, some businesses are for sale others can be bought, buyer beware: all the latest may not be gold!, guidelines for analyzing a business, the book value approach to valuing a business, the cash flow approach to valuing a business, valuation may be a hybrid of various approaches, and choosing the sale: don't forget your accountant and your attorney. This is a very important topic because in today's marketplace you need to have all of your options open to you so you can make the right choice on what business is right for you. Starting a business from scratch is not always easy, so if the owner wants to take a sabbatical from working or go into something completely different then when you take over an existing business you already have guaranteed customers. People who should listen to this show are entrepreneurs, executive coaches, business coaches, people who work from home, etc.