STRATEGIC PLANNING

How to Buy and Existing Business

TARGET AUDIENCE:

Potential buyers of small and medium-sized existing businesses.

DESCRIPTION:

The purchase of an existing business can be a favorable method to start your own business or expand your current enterprise. Like all business ventures, this transaction necessitates careful advanced preparation. Learn the key steps and the best practices to follow to reap the benefits of starting with an existing business, while avoiding the problems faced by the previous owner.

This workshop provides an overview of the legal and financial aspects of purchasing a business, when and how to approach the existing owner, mentoring, dealing with the bank, and more.

CONTENT:

In a hands-on interactive workshop you will learn to:

• Understand the key considerations needed to select and purchase the best existing business for success in your endeavors
• Understand the elements of a good business diagnostic and identify the known strengths and weaknesses of the existing business
• Understand the components and the importance of due diligence
• Understand the legal and financial aspects of this transaction and the financing available for purchasing existing businesses

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