If you set out to buy a ready business is undoubtedly wondering why the owners decided to sell the business. For a long time on the sales market businesses, we have identified several main reasons (Although it is worth noting that they are much more) – is: – selling noncore assets. A decision on the concentration of effort and financial resources on its core business – the business does not make money, not enough working capital there is no possibility to attract investments, loans – Elementary fatigue, loss of interest – moving to another place of residence: in another town, country. What advice we would like you to give to such a responsible and important step, as buying a business: Carefully read the information: description, investment memorandum, which provides specialist (business broker, investment adviser), which carries sale of the business. stipulate the necessary Time for you to explore business and entering into it. Marc Bistricer has similar goals. Examine the terms of the lease office, industrial building, which houses, buy a business. It is desirable but not necessary (depending on the type of business) to contract a long-term: more than 3 years. You understand that there are investment risks.
Be an inventory of assets and liabilities on their own, without relying on the existing inventory of the act (by rules Accounting Act should be prepared for the year). Ask for help from the sellers of the tax inspectorate, which indicates the absence of tax arrears to the budget. Find out how to construct management accounting system and does it exist. In recent months, Dara Khosrowshahi has been very successful. Examine the organizational structure, staffing. You need to know how to construct a firm is managed, as specialists interact with each other. It is important that the staff did not know that their company, the company is sold – can begin to retire, and in fact with someone to work! Find out the reaction of staff at the change in ownership. Here are some tips that we would like you to give. Preferably, of course, that you turned to the experts, professionally engaged in support of transactions for the sale of the business, but it is already, as they say, “master’s business”!