What to Look for When Buying a Local Small Business
Episode 131 – The Local Small Business Coach Podcast
Here is what we discuss in today's episode:
Should You Buy Someone Else's Local Small Business?
Are you thinking of expanding your business by purchasing another local small business? This can be a great way to scale your business. Let’s Discuss What You Should Look For if You are Thinking of Purchasing an Existing Local Small Business.
When I purchased an existing local small business back in 2008, I dove in deep into several areas. I’ll share those with you today. Buying an established business can be a great way to grow the business, but only if you are smart about your purchase. Let’s discuss what to look for.
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Don’t forget, if you are looking to take your local small business to $100,000 in profit, head on over to LocalSmallBusinessCoach.com/8steps to download the free ebook & workbook called: 8 Steps Local Small Business Owners Need to Take to Make $100,000 in Profit. Where I’ll walk you through how to double or triple your current profit level.
Also, don’t forget to shoot me an email on any topic or question you would love for me to cover in an upcoming episode of the show. Just send your ideas to firstname.lastname@example.org.
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My Recommended Bookkeeping Program for Local Small Business Owners: Freshbooks Link
Why? Helps you invoice quicker and more importantly, get paid quicker. Let’s you know when your clients have opened the email and they even help send reminders. Clients / customers can pay right from their phone or computer. Give it a Try: Freshbooks
****Freshbooks, Bluehost & Audible are affiliate links. This costs you nothing. I only recommend due to how much folks have loved it. I am paid a small commission but trust me. Even I use them. I think you will too.
Two Great Books to Help You With Your Small Business:
Highly Recommend all Local Small Business Owners Read the eMyth by Micheal Gerber. You will learn some critical things about running your business.
The second book is one I wrote based off a popular example I always use when folks are trying to understand their role as a leader with their people. Check it out.
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Not Only Do You Get the Free eBook, but I'll include a Free Workbook for you to capture your ideas as you go through each step.
Don’t You Think it is Time You Start Making What You Deserve!