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Purchasing a Business?
If you purchase an existing business with a successful business model (demonstrated by at least five years of profits), no immediate news on changes in the local or national environment, at least semi-verifiable financials that at least somewhat match the tax returns, and you have a background in the industry - what kind of risk are you taking? There are a lot of stats on success rates for start-ups, but what about success rates for small business purchases? Are there stats from business brokers? Thanks for any info.1 year ago - 1 answers
Every time a small business's changes ownership there is a high degree of risk. Every owner has his own way of managing a business, No two owners operate the same way even through they think they do. Employees react to a new owner in different ways as compared to the old owner.1 year ago