Thursday September 24, 2015

Buying A Small Business

This workshop will discuss in depth an alternative way to be your own boss without starting from scratch – buying an existing business. Succeeding at starting a new business has associated risks. Up to 50% of new businesses fail in the first few years.  Buying a business can mitigate the risk of starting a new business. Beginning with an existing business can lead to a higher long term success rate.

This workshop is all about what is involved in buying a business. It applies to stand-alone businesses and to franchises. The presenter is a professional with many years of experience in helping people buy businesses. He has seen it all.  He shares both a broad view of what buying a business is about and an in depth discussion on the details you need to know.

 Topics covered are:

• Personal attributes needed to be a business owner
• What you need to know about buying a business
• Key points to have in the purchase agreement
• How to avoid buying the problems & liabilities
• How to get the seller to help finance the purchase
• Making sure that you get what you think you are buying
• Understanding exactly what you are buying when you purchase a business.

You'll leave with a firm understanding of what is involved in buying a business, whether it is something to pursue, and how to move forward.

Michael P. Bush is a Business Broker with TransWorld Business Brokers. He was a Franchise Owner with his wife, Lauren, of the Huntington Learning Center and FranNet. After 23 years with BellSouth, AT&T and MCI, he reengineered his career to be a Franchise/Business Consultant and for 9 years has helped match great people with great franchises and businesses. Michael is an active SCORE volunteer with Broward SCORE.