Why You Should NEVER Buy an Owner-Dependent Business. How to Buy a Business.

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Published 2024-07-28

Learn how identifying owner dependency can be crucial when purchasing a business. In this video, I discuss the importance of recognizing when a business is owner dependent and how it can impact the buying process. If you are looking buy a business, understanding owner dependency is key to a successful transaction. Watch now to discover how to avoid pitfalls and ensure a smooth business purchase.
Why You Should NEVER Buy An Owner-Dependent Business. How to Buy a Business.
How do you know if you are looking to buy a business that is overly reliant on the owner? Buying a business that depends too much on its owner can spell disaster. Buyers need to be reassured that the business will survive a change of ownership and that it is not owner dependent.

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These videos are general in nature and not intended to be a substitute for detailed and specific advice. It is important that you get the right professional advice and I strongly suggest you talk to legal or accounting professionals to help you structure for tax, budgeting, interpret contracts and leases and all the other specific details of your own situation. They will help you to make sound decisions in the best interest of you and your business

Keep in touch:
LinkedIn: www.linkedin.com/in/peternola
Instagram: www.instagram.com/peternolabusinessbroker/
Website: www.businessesforsale.co.nz/broker/peter-nola

#startabusiness #sellabusiness #buyabusiness

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