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Plan Your Business: Should I Buy an Existing Business?

Click for more information about MyBizPath®Plan, the business software module that helps business owners, along with their business consultants, advisors and coaches create an action oriented business plan for their new business by helping them decide whether to start or buy a business, create the value to customers plan, the get customers plan, value delivery plan and the cash and financial plan for their business.

 

How to Find the Answer:

  1. Analyze your current financial situation.
  2. Estimate the investment and financing options of your alternatives.
  3. Select the option that best fits your situation.

 

What MyBizPath® Does for You

There are some very significant differences between buying an existing business and starting one on your own.

 

MyBizPath®  helps you decide which path works best for your personal situation.

 

1. Analyze Your Current Financial Situation

  • MyBizPath® provides you a template to analyze your personal financial situation.
  • Your MyBizPath® advisor guides you through the process of analyzing your current situation.

2. Estimate the Investment and Financing Options of Your Alternatives

  • MyBizPath® provides you a template to compare the financial implications of the different options you may choose.
  • Your MyBizPath® advisor guides you in being honest with yourself on your current situation.

3. Select the Option That Best Fits Your Situation

  • MyBizPath® provides you with information on different options.
  • Your MyBizPath® advisor helps you assess the reality of your current situation.

Get Answers to Other Questions

All New Business Owners

Should Ask:

 

  • How Do I Select the Right Business for Me?
  •  
  • Will Customers Buy My Products and Services?
  •  
  • How Do I Sell My Products and Services?
  •