Making your own hours, being your own boss, and doing what you love to do are three popular reasons why people consider starting their own business. About half of all Americans dream of owning their own business, according to a BizBuySell poll. This is no surprise, as meeting strict deadlines, arriving at work on time, and limited vacation time are some of the pitfalls of working under someone else. But starting your own company, or buying an existing business is not as easy as it may sound. There are a number of financial, logistical, and legal factors to consider, which could be reason why 90 percent of people who look into buying a business never follow through with the transaction.
But for the remaining 10 percent who do buy a business, many of them utilize business brokers to help close the transaction smoothly. About 10 percent of all business sales in America are assisted by business brokers. Business brokers can represent both buyers and sellers in small business ventures. This is one of the largest markets for brokers, because about 70 percent of all existing and new business opportunities in the United States belong to small businesses, according to the International Data Corporation. They can take care of every aspect of the deal, estimating the value of an existing business, advertising it, conducting buyer interviews before sale, and even negotiate with potential buyers and sellers.
If you are looking into new business opportunities in your area, consider working with a business broker. For a percentage of commission, they will be able to tell you what to look for when buying a business, look up potential small businesses for sale, work with the seller to get you the best deal, and close the transaction for you. These brokers are familiar with business law, and are often licensed by the state to conduct the buying and selling of small companies. With their knowledge and your passion, you will be able to fulfill your dream of owning your own business.
See this link for more references: www.trufortebusinessgroup.com
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