What should you think about when buying a “bust” business from an administrator?
1. Look out for opportunities to buy businesses in distress. These could be competitors, suppliers or businesses that add value to your existing client base.
2. If a deal comes your way, you will have to be very focused on making it work rather [...]
Did you get that sinking feeling when you turned on the breakfast TV news on Monday morning? Were you tempted to pull up the duvet and just stay in bed…? NO, I didn’t think you were the type.
Truelegal has a great client base of enthusiastic entrepreneurs, individuals ready and willing to react to the market place. [...]
Most businesses (and particularly those that wish to trade nationally or internationally) use intermediaries in their dealings with the outside world. ‘Agents’ can provide businesses with, amongst other things, specialist knowledge of a particular market, commodity or area and an immediate presence for negotiating contracts in any geographical location. They can also be used to [...]
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You’ll need to do your homework
If you’re interested in starting your own business, it can be less daunting to buy an existing operation with a proven track record than to set up yourself from scratch. However, the time and effort required to find, research and complete a business purchase is considerable and there can be [...]
Before you can even begin to look for a suitable business purchase there are many important decisions to be made.
You need to give careful consideration to what kind of business will be best suited to your interests, skills, financial status/expectations and level of commitment – and, just as important, how the purchase will be funded. [...]
