Buying a Business for Dummies - by Eric Tyson & Jim Schell (Paperback)

About the Book

Book Synopsis

Prospect, evaluate, purchase, and grow an existing business

Buying a Business For Dummies guides you through the process of becoming an entrepreneur without starting from scratch. Before you purchase an existing business, you'll need to know what types of opportunities are out there, how to identify the right fit for your goals, and which strategies to use as you negotiate the deal and manage a smooth transition. This book gives you step-by-step advice on all of that. What about actually running the business successfully? You're covered there, too, with clear information on executing a smooth ownership transition and growing your new business. Let this friendly Dummies guide be your mentor as you embark on your business ownership adventure.

• Know what's involved in buying a business and see if it's for you
• Evaluate your risk tolerance and identify businesses worth buying
• Negotiating a great deal and managing a seamless handover
• Making changes to your new business --without making enemies

Buying a Business For Dummies is a great starting point for entrepreneurs interested in a lower-risk route to business ownership.

From the Back Cover

Turn business ownership dreams into reality

Starting a business from scratch is hard, especially if you lack specific profitable ideas. If you'd prefer to skip starting from square one, buying an existing a business or franchise could be just the right ticket for you. This book, written by a pair of highly experienced serial entrepreneurs covers the essentials for finding an opportunity that matches your goals and making it yours. You'll get a beginner-friendly rundown of how the whole process works, plus valuable tips on choosing the right business, negotiating a good deal, and doing all the right things to keep your new firm thriving and growing.

Inside...

• Evaluating your risk tolerance
• Researching before you buy
• Going over the numbers
• Making the offer and closing the deal
• Ensuring a smooth transition
• Handling legal issues
• Creating a growth plan
• Avoiding common mistakes

About the Author

Eric Tyson, MBA is a nationally-recognized personal finance counselor, writer, and best-selling author of Personal Finance For Dummies. Jim Schell is an accomplished serial entrepreneur, nonprofit founder, and executive. He spent twenty-five years as an entrepreneur and thirty years as a nonprofit founder and executive. Eric and Jim are co-authors of Small Business For Dummies.