Browse Entrepreneur Magazine Online for expert advice on how to research and evaluate a going concern or existing business before you buy it, and for how to value your business and work with a business broker if you want to sell a business.
Buying a Business
Buyer Beware If you’re thinking of buying a business, it pays to do your homework
Enlisting a Business Broker Buying a business is a big decision but using the services of a reputable broker can mitigate the risks and prevent the process from becoming a headache.
How to Value Your Business As a small business owner, determining the value of your business may be more complex than you anticipate and usually calls for the help of a professional.
BUY OR SELL A BUSINESS
Buying or selling a business South Africa’s thriving business sector is brimming with exciting entrepreneurial opportunities. Buying a business, as opposed to building one up from scratch, holds compelling advantages as well as disadvantages for up-and-coming entrepreneurs.
If you want to buy a business – or if you’re considering selling a business for that matter – it is in your best interest to do your homework in order to seize the business opportunity, and ultimately, get the most out of the deal. In the same way as you wouldn’t buy a car without test-driving it first, you should not purchase just any business for sale.
