---
title: 5 first steps to buying a business [video]
description: Use these 5 first steps to ensure you take a planned and measured approach when buying a business.
image: https://blog.jpabusiness.com.au/hubfs/1.%20Images/1.%20Stock%20Images/Surfboard-1.jpg
---

 17 April 2018

# 5 first steps to buying a business [video]

WRITTEN BYJames Price | JPAbusiness

![Surfboard-1](https://blog.jpabusiness.com.au/hs-fs/hubfs/1.%20Images/1.%20Stock%20Images/Surfboard-1.jpg?width=2460&height=1845&name=Surfboard-1.jpg)

Every business is different, but in this [video](https://youtu.be/YFo9DaitYH8) I'm sharing 5 'first steps', or tips, which we think are useful when buying any business.

Following these steps will help you **take a planned approach** to what may well be one of the biggest financial investments of your life.

They're each important in their own way, but I must admit Tip 2 – 'Have passion for the opportunity' – is a key one for me.

Owning a business can be difficult at times, but** it's easier to withstand those challenges if you have a 'fire in your belly'** for what you do.

 

 

As we tell our clients, **a good business purchase is about planning** and ensuring you have plenty of information to base decisions on, rather than rushing in and letting emotions take over.

You can also use our free [JPAbusiness Business Buyer’s Checklist](https://landing.jpabusiness.com.au/business-buyers-checklist-download-0-0) to help you ‘make a match’ between your requirements and risk profile, and the business you are assessing.

[![New Call-to-action](https://hubspot-no-cache-ap1-prod.s3.amazonaws.com/cta/default/2108706/cac317e1-a652-4174-a108-45c044209b89.png)](https://hubspot-cta-redirect-ap1-prod.s3.amazonaws.com/cta/redirect/2108706/cac317e1-a652-4174-a108-45c044209b89)

JPAbusiness offers a range of services for business buyers, including:

- [Business finder](https://www.jpabusiness.com.au/business-transactions/buying-a-business/business-finder-service) services
- [Valuations and market appraisals](https://www.jpabusiness.com.au/business-valuations)
- Custom [due diligence](https://www.jpabusiness.com.au/business-transactions/buying-a-business/due-diligence)
- [Purchase negotiations](https://www.jpabusiness.com.au/business-transactions/buying-a-business/purchase-negotiations) support
- [Transition](https://www.jpabusiness.com.au/business-transactions/buying-a-business/transition-support) and business planning support.

For more information about our services or for a confidential initial discussion with a member of our business advisory team, [contact ](https://landing.jpabusiness.com.au/contactus)**JPAbusiness** on **02 6360 0360**.

 

![JAMES PRICE | JPAbusiness](https://blog.jpabusiness.com.au/hs-fs/hubfs/JPAbusiness_Files/james_in_a_circle.png?width=90&name=james_in_a_circle.png "JAMES PRICE | JPAbusiness")James Price has over 30 years' experience in providing strategic, commercial and financial advice to Australian and international business clients. James' blogs provide business advice for aspiring and current small to mid-sized business owners, operators and managers.

 

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Topics

- [buying a business ](https://blog.jpabusiness.com.au/blog/topic/buying-a-business)
- [video ](https://blog.jpabusiness.com.au/blog/topic/video)

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