Buying a business is an investment class that is not as liquid as many others, so it is not an investment decision to be rushed into or made lightly.
For those of you considering buying a business, we have created the Business Buyer's Checklist.
The checklist is designed to help 'make a match’ between your requirements and risk profile, and the business you are assessing.
You need to be diligent about your assessment and prepared to walk away if the business or the deal doesn't meet your requirements or skillset.
If there is one business that interests you, there are bound to be others. It just has to be the right one.
If you are considering buying a business and would like advice or support, contact the business advisory team at JPAbusiness on 02 6360 0360 for a confidential, initial discussion.
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.