Selling a Business
Take off your shoes. Go on! It's time to step into someone else's.
The buyer. Ruthless, clever, efficient, and thorough. At least, that's how they may seem like when you first meet them. Let's shatter that barrier of the unknown, and understand what areas you need to cover in order to put your business out to tender - it's time to examine the behaviours and processes of 'the buyer'.
1. Motivation
Picture this, Mr or Mrs Buyer: you've found yourself in a position where you have a good amount of capital behind you, and you want to start running your own business.
You have two options.
The first is to start your own business from scratch - a cheaper, but slower and much riskier endeavour.
The second is to purchase an existing business and capitalise on its already established profitability and structure.
You opt for the one that is more likely to bring you a quick, consistent income. You opt to buy-in.
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