The Complete Guide to Buying a Business

About this book

So you want to buy a new business - and leave the corporate world behind. Congratulations! You now have the opportunity to find both psychic and financial rewards doing something you truly enjoy - if you plan carefully. Finding the right business and buying it right is the subject of Richard Snowdens The Complete Guide to Buying a Business. This advice-packed book presents expert advice and a detailed action plan for making the move from company employee to company owner. Written by a business acquisitions specialist it illuminates both the personal and practical issues associated with locating a suitable business negotiating a sales price and managing it profitably for years to come. Of course youll need to know whether or not youre cut out to own a business before you leave your job and invest your lifes savings. The Complete Guide to Buying a Business helps you decide if youre ready to leave the rat race and answers such critical questions as: What is the tradeoff between risk and compensation? If the corporate world is no longer "it" for you then what is? What are the advantages and disadvantages of self-employment? Finding a business that fits your goals is essential to your success and happiness. Small businesses rise or fall mainly on the talent of the owner. Therefore its important to identify the specific skills that will make or break you as a business owner Snowden warns. Packed with exercises The Complete Guide to Buying a Business aids you in matching your experience skills and personal life-style preferences with a suitable enterprise. The book furnishes professional techniques for locating the business for you as well as tactics for researching companies that are for sale. It also features compelling case studies - and dos and donts - from people whove successfully bought their own businesses. Once youve found a business that interests you youll need to know what to pay for it. Snowden explains how you can evaluate a companys potential and look beyond its financial statements to determine its true worth. Using examples and analysis he unveils the secret of calculating a sales price. He also supplies you with winning strategies to use at the negotiating table as well as practical guidance for dealing with professional advisers. Buying a suitable business isnt easy. Fully three-quarters of people fail in their attempts because they lack knowledge and a plan of action. But as Snowden states "If you approach the job of finding the right business for you with due diligence and intelligence the odds are excellent that you will find a company that has a high likelihood of long-term success under your directorship and the potential for an excellent financial return as well." With dedication and The Complete Guide to Buying a Business youll have the tools to make your search a fruitful one - and your business a rewarding venture.