Blog for Business Buyers and Sellers

It seems like every entrepreneur in the world is asking the same question: What are some good businesses to buy during a recession?  While there is no easy, clear-cut answer to this question, there are certainly some industries that have been less affected by the economy than others.  I like to think of it as “necessity vs. luxury”.  For example, a business that sells luxury watches may have been more seriously affected by the economy than a business that sells essentials like groceries or gasoline. 

With so many resources now available on the Internet, it is now possible to research any business idea and get information about existing businesses for sale.  Unfortunately, when you start looking for help in buying a business in Texas, you will undoubtedly run into business brokers who don’t have your best interests at heart.  This is not to say that a business broker cannot be useful in certain acquisitions, but when it comes to buying an existing business, it helps to deal directly with the current owner.

If the business you are looking for is something you will run and manage yourself, then talking to the owner will provide invaluable insight into how the business is managed.  For example, you can find out more about the owner’s reasons for selling, what his other challenges have been, how the business is positioned against competitors, etc.  Without this information, you will be at a distinct disadvantage in future negotiations.  That’s why there are business FSBO directories now available online, and they are fully equipped to help you with buying a business many areas of the country, including buying a business in Texas.

Have you been thinking about starting a business of your own, but you’ve been scared away by the economic crisis?  Instead of assuming the risk of a new venture, why not pick up where someone else is leaving off?  Considering the benefits of buying an existing business, it is no wonder they are selling so quickly.

Entrepreneurs and “would-be” entrepreneurs are a lot more cautious than they used to be about buying an existing business.  Most admit that they’d rather wait and miss an opportunity than buy a business that is unproven or overvalued.  As a business consultant and broker, I am often asked to weigh in about the key considerations when buying a business in Colorado.  In this risk-averse business climate, it is more important than ever to thoroughly evaluate a business that is for sale before making an offer.

So you think you are ready to take the entrepreneurial leap.  Maybe you’ve had enough of spending your days making someone else rich, while you watch your own net worth dwindle.  You are not alone.  More and more professionals are considering entrepreneurship as their next big move, and have started looking to a Business FSBO Directory for hot leads on existing businesses. 

Before you start your search, however, you will want to know you’re making the right move.  Even the best risk takers in the business world can get a little skittish about the prospect of venturing out on their own. 

Page 23 of 29

Click to contact us for help buying or selling a business.  Since 1980 we have been in the "business of business." We are a professional company specializing in bringing For Sale By Owner Business Buyers and Sellers together. Being one of the Nations leading firms in our industry, we are best equipped to help you because of our background and years of experience in working with business buyers Nationwide and businesses of all sizes and types. Your business purchase or sale information will be handled by experts and conducted in a confidential manner.

Blog Topics

All articles by