LOOKING AT BUYING A BUSINESS- HOW DO YOU DECIDE WHICH IS THE RIGHT ONE?
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Do I really know much about the business?
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Do I have all the skills needed to start and run
the business?
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Would I really enjoy whatever is necessary to
sell this product or service?
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How much money do I need to make each week?
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How long would it take to start generating that
much money?
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How much will it cost to start this business and
run it until it starts producing income on a steady basis?
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Can I afford to put that much into the business?
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What money will I use to live on until the
business starts making money?
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How fast do I need to generate money?
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Are there really enough people who want to buy
this product or service?
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Do I know how to find them?
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How many hours a week can I work now?
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How many hours a week will it take to do all the
work (finding customers, producing or getting the product or service to
them, billing them, doing the book-keeping)
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How big could the business grow?
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How big do I want it to grow?
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