alternative to starting up

11 Rules for Buying a Business

11 Rules for Buying a Business

A growing number of UK entrepreneurs are choosing to buy an existing business to grow, especially with banks looking favourably upon acquisition lending, rather than facing the struggles of starting from scratch. Finding an existing business where much has been done but there remains much to do can provide the same level of exhilaration as a start-up. If you are interested in buying a business as an alternative to starting up, then follow these steps to ensure that you know what to look for and how to be prepared. Do comprehensive due diligence Leave no stone unturned. Ask about the company’s insurance claims over the past three years, and any outstanding cases. Also make sure you see all financial statements from the past three years, including declarations of cash assets, intellectual pr... »