12 Steps to Buying a Business

The 12 Steps in the Buying Process - Simplified

1. Consider, and make the initial decision to buy a business.
2. Educate yourself on the type of business you want to buy.
3. Determine how much you can afford to pay.
4. Work with your business broker to evaluate businesses which are being
   offered for sale.
5. Have your broker set up a meeting with the seller of the business in which
   you are interested.
6. Make an offer on the business through an Earnest Money Contract.
7. Engage your professional advisors (CPA or Attorney).
8. Perform due diligence on the business.
9. Structure, and complete documentation for the purchase.
10. Obtain a financing commitment.
11. Satisfy the conditions to the closing.
12. Close the purchase.

This information was provided by Rose Stabler, Managing Partner at Certified Business Brokers in Houston, Texas.

Technorati Tags: buying a business, buy a business, business broker

•Technorati  •del.icio.us  •Digg It  •Furl  •ma.gnolia  •Spurl  •Yahoo MyWeb