There are plenty of good businesses out there, but the key to a successful business purchase is finding a business that will be ‘good’ for you.
Our Buying a Business Planning Sheet is designed to help you find a business that is the right fit for your requirements and risk profile.
When assessing different businesses, the planning sheet prompts you to consider 15 questions, including:
- Why will you succeed in this business?
- How does the asking price compare to a market appraisal of recent sales and market trends?
- Do you fully understand the requirements of the lease relating to your potential business purchase?
If you are considering buying a business, download the free template and work through the questions as a way of bringing some rigour and structure to your preliminary planning.
Too important to get wrong
A business is simply too big an investment to take lightly, or to get wrong because you allowed yourself to be caught up in the excitement and overlooked critical red flags.
A successful business purchase is about planning and ensuring you have plenty of information to base decisions on, rather than rushing in and letting emotions take over.
If you are considering buying a business, we have a number of other free resources designed to help with the process:
You can also contact the team at JPAbusiness on 02 9893 1803 or 02 6360 0360 for a confidential, initial discussion about your business buying requirements.
