Generally speaking, buying an established business is considered less risky than setting up your own business from scratch. As an entrepreneur, you won’t necessarily need to come up with a unique business idea, sell investors on an unproven concept or incur the costs & risks of building a business up from the ground level. This practice of acquiring an already established business is known as entrepreneurship through acquisition.
Featured Blog Series, Sell a Business
The process of selling a business can take upwards of six to twelve months, and you should expect to hire a business broker for that timeframe to coordinate buyers and maximize competitive interest.
Featured Blog Series
We recently asked our community for some tips on best practices for qualifying potential buyers, and below, you’ll see the preferred tactics our BizNexus Community Advisors and M&A professionals referenced as some of their reliable go-to strategies for managing this successfully at scale, -an art form not easily replicated.
Featured Blog Series
Each day we ask our community of M&A experts questions about niche topics related to strategies for getting your business acquired or recapitalized. For today’s poll, we wanted to know “What’s the most common reason you typically see for owners deciding to sell?”
Featured Blog Series, Buy a Business
In order to compete with the masses, a prospective buyer must consider creative strategies. If you’re looking to buy a business, defy traditional methods in order to win. Read on to learn about creative business acquisition methods to speed up your buying process.
