BUYING A BUSINESS PART 1: Starting the Process
Paul Martin Chartered Accountant Limited
Business, Gst, Accountant
Starting a business from scratch is not that easy. You need to deal with building your customer base, marketing your new business , hiring your staff, establishing your cash flow the list goes on. There are endless tasks and high risks, not to mention the time you need to wait for your investment and hard work to pay off…
...which is the total opposite of buying an existing business.
Purchasing a business for sale is easier, faster and less risky than starting from scratch. When you buy a business, you simply take over and continue its operation. As long as you are making a wise purchase decision, it should already have an established brand, customer base, and cash flow.
But before you get excited with the benefits of acquiring an existing business, you need to know where to start, what to do, and be aware of the whole process. You need to be warned that the whole process can be exhausting and heart-wrenching.
As trusted business advisors and chartered accountants in Auckland, we make sure that our clients know what they are getting themselves into. We take them through and help them consider the following issues... read the rest of the article at http://www.pmartinca.com/blog/buying-a-business-part-1-starting-the-process
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