Bad Economy... Good Time to Buy a Business

OK, so the banking world is running scared and people are afraid the sky is falling on our US economy. I'm not saying things are good, but they aren't quite as bad as you think.

People still need to live. Things are still made, bought and sold. People still need to get from place to place. Luxury item demand will be weaker, but the US will not come to a grinding halt.

With that said, people are scared. Including the owners of some businesses. Especially those with solid businesses that are ready to retire (remember all of those baby boomers?). They want to get their hard earned money out of the business they built.

So what does that mean to the savvy business buyer? It means you can pick up a good business in a safe industry and you won't need to worry about getting a bank loan. Most importantly, you can get it with less money down, less interest and at a very favorable price.

Now is the time to look into buying a business so get yourself prepared and get moving so you can start out 2009 with a great investment into your future. It's the best place to put your money and the only place you can truly control your ROI.

To Your Business Buying Success
The Business Buying Guru

Pitfalls of Buying a Business Directly from a Seller

Here we are with the last video on this series. Although I will obviously keep posting blogs about buying a business, for now this will be the last video before the launch of the best business buying toolkit you can get your hands on.

Preparation, funding, finding, valuations, offers, due diligence, paperwork/forms, closing the deal. You name and I cover it as well as give you the tools and sample documentation you need to get this transaction done right.

I decided that I wanted to make the last question answered via video about the dangers of buying a business directly through a Seller. Many transactions are done Buyer to Seller but in these cases, the Buyer almost never is working on a level playing field.

Without some kind of intermediary involved, things get out of control and the Buyer, who is usually not familiar with any of the business buying process, is very often in an awkward and dangerous position.

Watch the video to get a better understanding of why not having a buffer that knows the business buying process (and I am not referring to an attorney here) between you and a Seller is a bad idea.

Keep your eyes open to your email. We're counting down to launch time. Only 2 days before you can grab the toolkit that will protect the major investment you are getting ready to make by making sure you are prepared before, during, and after the transaction.

To Your Business Buying Success

The Business Buying Guru

How Can I Get More Information On a Business I Want to Purchase?

When looking for a business to buy, everyone is looking to get as much information about the business as possible. What you need to know is that there are actually phases to doing this.

Depending on how you are dealing with (broker vs seller) and the way they work, the way you get information on the business will vary.

In this video I go over the typical avenues of information gathering you will find in the business buying process. Again, what I reveal is not set in stone but is the norm as to what to expect.

It very well may not be what you were anticipating so please be ready to take notes.

A few more videos left to go before I can let you in on the best way to put this all together and prepare yourself to buy a business and get it for the best price possible.

To Your Business Buying Success-

The Business Buying Guru

What are my options to fund a small business purchase?

Now for another HUGE question that I think more people should be asking. And that's "What are my options to fund the purchase of a small business?"

Everyone thinks about the funding, but very few people think about it early enough. And many people need a reality check as to things like SBA loans and bank loans in general. Banks nor the government just give away money. I promise you this.

Although I couldn't go into great detail in this video, there is a ton of tips you need to keep in mind so I suggest getting out a pen and notepad:

More videos to come soon. Feel free to keep watching this and all the posts as much as you want and take lots of notes. Don't forget about the great info also found on the business-buying-help.com website.

Keep on truckin'

To Your Business Buying Success

The Business Buying Guru

Answering the Question "Where can I find businesses for sale"

Here we are again answering another huge question on the minds of potential business buyers:

Where can I find businesses for sale?

Great question and in the video below I'll give you the scoop on hunting for a small business to buy. Where to go, where to stay away from and couple of other hot tips to get you in the right frame of mind for this task.

If you are determined to buy a business but are still a bit gun-shy, keep following this blog and take a look at the business-buying-help.com website. This is a big decision you are looking to make that will certainly effect your future in many ways.

I'm here to make sure you have all your ducks lined up. Preparation is the key to successfully finding and purchasing a business that fits you.

To Your Business Buying Success-

The Business Buying Guru

Difference Between Buying a Small Busines & Buying a Home

OK, all. Here's the first true question answering video in the series. Oddly enough, the thought that buying a small business is similar and as easy as buying a home is a huge misconception by many people. That even includes real estate brokers.

Many real estate people think because they can price a house, know how to go through the due diligence of inspecting kitchens, and are familiar with legal proceedings with house closings, that they can also help sell/buy a business. FALSE!!!!

This ends up being a rude awakening to all parties involved.

Everything (but a few very small commonalities) is different! Even how a business purchase is funded is very different.

Enough writing about it. Let's dispel this dangerous myth right now with the video below:

Feel free to pass this blog post along to a friend considering a small business purchase as well. Maybe even pass it along to a real estate broker that's thinking they have what it takes to add selling businesses to their real estate repertoire :-)

The next post is coming soon! To make sure you get it as it comes out, subscribe to the RSS feed to the right on this page.

To Your Business Buying Success

The Business Buying Guru

You Have Small Business Buying Questions, & We Have Answers

Here we go with the launch of the new location of our blog. With it I also decided to launch a video series answering some of the most common questions I get from site visitors and potential business buying clients.

This video will explain what the videos will be all about and how to best utilize them, the business-buying-help.com site and the toolkit, should you make the intelligent move to use it :-)

Have fun and feel free to post your comments below. Also click on the RSS feed link so that you don't have to come back here all the time when a new video or other blog post goes up.

To Your Business Buying Success!!!

George Sierchio