--- title: 5 tips for business buyers [video] description: 5 first steps to help you take a planned and measured approach when buying a business, to give yourself the best chance of success. image: https://blog.jpabusiness.com.au/hubfs/Two%20engineers%20with%20solar%20panels.jpg --- 23 February 2021 # 5 tips for business buyers [video] WRITTEN BYJames Price | JPAbusiness ![Two engineers with solar panels](https://blog.jpabusiness.com.au/hs-fs/hubfs/Two%20engineers%20with%20solar%20panels.jpg?width=1000&name=Two%20engineers%20with%20solar%20panels.jpg) The following video features 5 tips that will help you **take a planned and measured 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. We've created the following free resources to help our readers get started on that planning process: - eBook – [Buying a small to medium-sized business](https://landing.jpabusiness.com.au/buying-a-small-to-medium-sized-business-ebook) - eBook – [How to conduct due diligence on a business purchase](https://landing.jpabusiness.com.au/how-to-conduct-due-diligence-ebook) - Template – [The Business Buyer's Checklist](https://landing.jpabusiness.com.au/business-buyers-checklist-download-0-0) - Template – [Buying a Business Planning Sheet](https://landing.jpabusiness.com.au/buying-a-business-planning-sheet-download) - Template – [Buying a Franchise Planning Sheet](https://landing.jpabusiness.com.au/buying-a-franchise-planning-sheet-download)   [![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)   At JPAbusiness we also offer a range of services for business buyers, including: - Business finder services - Valuations and market appraisals - Custom due diligence - Purchase negotiations support - Transition and business planning support. If you would like advice or support with any aspect of buying a business, please [contact the team](https://landing.jpabusiness.com.au/contactus) at JPAbusiness on **02 6360 0360 **or **02 9893 1803** for an obligation-free, confidential discussion. [![New Call-to-action](https://hubspot-no-cache-ap1-prod.s3.amazonaws.com/cta/default/2108706/6e4d1f86-2b8a-401e-a578-44bfe67d7a43.png)](https://hubspot-cta-redirect-ap1-prod.s3.amazonaws.com/cta/redirect/2108706/6e4d1f86-2b8a-401e-a578-44bfe67d7a43)   ![James Price 2018 small](https://blog.jpabusiness.com.au/hs-fs/hubfs/1.%20Images/2.%20Logos,%20staff%20photos,%20email%20signatures%20and%20blog%20bios/Photos%20of%20James%20and%20office/James%20Price%202018%20small.jpg?width=100&name=James%20Price%202018%20small.jpg)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.   Share this Article Share this blog post on Twitter [mailto:?subject=Share%20this%20blog%20post&body=https://blog.jpabusiness.com.au/blog/5-tips-for-business-buyers-video](mailto:?subject=Share%20this%20blog%20post&body=https://blog.jpabusiness.com.au/blog/5-tips-for-business-buyers-video) Copied to clipboard Topics - [buying a business ](https://blog.jpabusiness.com.au/blog/topic/buying-a-business) - [business planning ](https://blog.jpabusiness.com.au/blog/topic/business-planning) - [video ](https://blog.jpabusiness.com.au/blog/topic/video) - [business valuation ](https://blog.jpabusiness.com.au/blog/topic/business-valuation) - [valuing a business ](https://blog.jpabusiness.com.au/blog/topic/valuing-a-business) - [business value drivers ](https://blog.jpabusiness.com.au/blog/topic/business-value-drivers) #### Related Blog Posts ### [Buying a business? Use our free Due Diligence Checklist](https://blog.jpabusiness.com.au/blog/buying-a-business-use-our-free-due-diligence-checklist) When conducting due diligence on a business acquisition there are usually **three main areas** a ... [Read more ](https://blog.jpabusiness.com.au/blog/buying-a-business-use-our-free-due-diligence-checklist) ### [Buy the right business with our Business Buying Funnel [infographic]](https://blog.jpabusiness.com.au/blog/buy-the-right-business-with-our-business-buying-funnel-infographic) [Read more ](https://blog.jpabusiness.com.au/blog/buy-the-right-business-with-our-business-buying-funnel-infographic) ```json { "@context" : "https://schema.org", "@type" : "BlogPosting", "author" : { "@type" : "Person", "name" : "James Price | JPAbusiness", "url" : "https://blog.jpabusiness.com.au/blog/author/james-price-jpabusiness" }, "dateModified" : "2022-01-02T01:43:01.189Z", "datePublished" : "2021-02-23T15:00:00.000Z", "headline" : "5 tips for business buyers [video]", "image" : [ "https://blog.jpabusiness.com.au/hubfs/Two%20engineers%20with%20solar%20panels.jpg" ], "mainEntityOfPage" : { "@id" : "https://blog.jpabusiness.com.au/blog/5-tips-for-business-buyers-video", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.jpabusiness.com.au/hubfs/JPAbusiness-logo.svg" }, "name" : "JPAbusiness Pty Ltd" } } ```