The JPAbusiness Buying a Business Planning Sheet is designed to help you work out whether a business you are considering buying fits you and your risk profile.
There are plenty of good businesses out there, but the key to a successful business purchase is finding a business that will be ‘good’ for you.
When assessing different businesses, the planning sheet prompts you to consider 15 questions, including:
- Why will you succeed in this business?
- How does the asking price compare to a market appraisal of recent sales and market trends?
- Do you fully understand the requirements of the lease relating to your potential business purchase?
If you are considering buying a business, download the free template and work through the questions as a way of bringing some rigour and structure to your preliminary planning.
Too important to get wrong
A business is simply too big an investment to take lightly, or to get wrong because you allowed yourself to be caught up in the excitement and overlooked critical red flags.
A successful 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.
If you are considering buying a business, we have a number of other free resources designed to help with the process:
- ebook – Buying a small to mid-sized business
- ebook – How to conduct due diligence on a business purchase
- template – Buying a Franchise Planning Sheet
- template – Due diligence checklist
- template – Business Buyer’s Checklist
You can also contact the team at JPAbusiness on 02 6360 0360 or 02 9893 1803 for a confidential, initial discussion about your business buying requirements.