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When you are considering buying a business with a partner, follow these 4 tips. Six Tips for Buying a Business Vehicle · 1. Consider the financial health of your company · 2. Get financing approved in advance · 3. Get the right insurance · 4. First up is to make sure that the business you're looking at has all the business licenses and permits it needs. If you're buying a business, you want to make.

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1. Get professional advice. Professional help is invaluable as you go through the negotiation, valuation and purchase process. · 2. Do your research · 3. Initial. Buying a business is a decision that entrepreneurs should not take lightly, with a purchase requiring a great deal of planning and a strategic approach. 4. Customers and suppliers · Get a list or database of key customers · Check sales contracts to see what future business is guaranteed · Check if any major.

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Thoroughly review copies of the business's certified financial records, including cash flow statements, balance sheets, accounts payable and receivable. Do you have the resources? – Don't underestimate the time and money involved in buying a business. · Find the right business · Watch out for nasty surprises · Look. Ten key things to consider before buying a business · 1. Know what you're paying for · 2. Evaluate the goodwill · 3. Investigate a restraint of trade clause · 4.