BUYING A BUSINESS

Thinking of buying a business?

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Owning a business can be rewarding as well as challenging. As you contemplate buying a business, you should ask yourself the following questions:

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• Why do I really want to own a business?
   

• What are my strengths and weaknesses as they relate to business ownership?
   

• Is business ownership right for me?
   

• Should I buy a business or start a business?
   

• What about franchises?
   

• How do I finance the purchase when buying a business?
   

• How much do I have in unencumbered funds?
   

• If I needed to borrow, how is my credit?
   

• Will I be buying a business on my own or will other family members be involved?
   

• What professionals should I involve and when? 
   

• How much will buying a business cost me?