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i want to buy a business..what do i need to do first?

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The BAF Group LLC

First, make certain what kind of business you want to buy; what can you handle, given your own backgroun, experience, education, etc. Next, look carefully at that industry: What is its history and its future? What will the next several years of potentially difficult financial and economic trends likely to mean? What are the technical possibilities that may impact your business?

WRITE A BUSINESS PLAN!!!! Determine whether it is better to start a business of that kind from scratch, or really buy that business. I am a Business Broker, and I will tell you it is not ALWAYS worth it to buy a buisness, in some industries.

Then, get your money together. Beg, borrow, (but don't steal,) from friends and family if you have to, before going to a bank.

Knowledge is the key, in all of this!

Nov 13, 2011