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Archive for the ‘Business’ Category

Sports Arbitrage Information

Wednesday, March 16th, 2018

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Buying a business – the ten commandments

Tuesday, February 10th, 2015

Here’s the bad news if you’re planning to buy a business: According to industry statistics, over 90% of the people who begin the search to buy a business fail to ever complete a purchase. Even worse, the average person looks at business for sale listings for 18 months and still, they never buy one! What a monumental waste of time!

Part of the problem is that most businesses listed for sale are overpriced and have plenty of problems. Buying a business is a major undertaking. There’s a lot at stake. This is one decision you must get right the first time. If not, the consequences will be enormous!

Commandment # 1 – Pay For The Past, Consider The Present, But Buy It For The Future!

  • The past financials will help determine the purchase price, but they do NOT guarantee what the business will look like in the future.
  • You must evaluate the business for what it can expect to provide you with after you buy it.

Commandment # 2 – Buy A Good Business and Make It Great!

  • All good businesses possess certain common features; you’ll learn how to determine whether the one you’re considering already has these in place.

Commandment # 3 – Ingredients Are NOTHING Without A Recipe.

  • After the purchase, can you put all parts of the business together into one cohesive unit poised for growth, and at what cost?

Commandment # 4 – Fall In Love With the Profit, NOT the Product!

  • You’ll learn how this traps so many others when they get emotional about the business before they buy it and their judgment is forever clouded. You must remain objective!

Commandment # 5 – Do What You Do Best and You’ll Manage The Rest.

  • Making certain that you already possess what the business really needs.

Commandment # 6 – Autopilot – (can the business be put on “cruise control”?)

  • In order to grow any business, you must take advantage of technology – can this business improve it’s systems and run on its own so you can focus your attention on driving the profits?
  • Where can you access the technology and what are the costs?

Commandment # 7 – Determining What Holds “The Gold”.

  • Nearly all businesses possess certain components that the current seller has not exploited.
  • You’ll learn how to identify these sometimes “hidden” values.

Commandment # 8 – The Three Personal Things That Every Business Must Possess.

  • You MUST be able to explain it in simple terms to others.
  • You MUST be able to explain it with great enthusiasm.
  • It MUST be a business that makes you very proud.

Commandment # 9 – Evaluating and Identifying What’s Not Perfect Yet.

  • No business is perfect and every business needs attention. Sometimes the smallest improvements yield the greatest results. You’ll learn how to pinpoint all of them.

Commandment # 10 – What’s It Worth To YOU?

  • Only you can truly evaluate the benefits of any venture. You’ll understand how to take a realistic approach to this crucial exercise.

All of these commandments are explained in more detail in the “How to buy a good business at a great price” book package. Click the link below for more details: