--- title: Use the Buying a Business Planning Sheet to assess options [template] description: Use our Buying a Business Planning Sheet to help you assess potential business purchase opportunities. image: https://blog.jpabusiness.com.au/hubfs/1.%20Images/3.%20Other%20blog%20images/Buying%20a%20Business%20Planning%20Sheet%20page%201.png --- 09 August 2022 # Use the Buying a Business Planning Sheet to assess options [template] WRITTEN BYJames Price | JPAbusiness ![performance_review-meeting](https://blog.jpabusiness.com.au/hs-fs/hubfs/1.%20Images/1.%20Stock%20Images/performance_review-meeting.jpg?width=588&name=performance_review-meeting.jpg)The JPAbusiness [Buying a Business Planning Sheet](https://blog.jpabusiness.com.au/buyer/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](https://blog.jpabusiness.com.au/buyer/buying-a-business-planning-sheet) 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. [![Buying a Business Planning Sheet image](https://blog.jpabusiness.com.au/hs-fs/hubfs/1.%20Images/3.%20Other%20blog%20images/Buying%20a%20Business%20Planning%20Sheet%20image.png?width=500&name=Buying%20a%20Business%20Planning%20Sheet%20image.png)](https://blog.jpabusiness.com.au/buyer/buying-a-business-planning-sheet) **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](https://blog.jpabusiness.com.au/buyer/buying-a-small-to-mid-sized-business) - ebook – [How to conduct due diligence on a business purchase](https://blog.jpabusiness.com.au/buyer/how-to-conduct-due-diligence-when-buying-a-business) - template – [Buying a Franchise Planning Sheet](https://blog.jpabusiness.com.au/buyer/buying-a-franchise-planning-sheet) - template – [Due diligence checklist](https://blog.jpabusiness.com.au/buyer/due-diligence-checklist) - template – [Business Buyer’s Checklist](https://blog.jpabusiness.com.au/buyer/business-buyers-checklist) You can also [contact the team](https://landing.jpabusiness.com.au/contactus) at JPAbusiness on **02 6360 0360** for a confidential, initial discussion about your business buying requirements. Share this Article Share this blog post on Twitter [mailto:?subject=Share%20this%20blog%20post&body=https://blog.jpabusiness.com.au/blog/use-the-buying-a-business-planning-sheet-to-assess-options-template](mailto:?subject=Share%20this%20blog%20post&body=https://blog.jpabusiness.com.au/blog/use-the-buying-a-business-planning-sheet-to-assess-options-template) Copied to clipboard Topics - [buying a business ](https://blog.jpabusiness.com.au/blog/topic/buying-a-business) - [template ](https://blog.jpabusiness.com.au/blog/topic/template) - [planning sheet ](https://blog.jpabusiness.com.au/blog/topic/planning-sheet) About James Price | JPAbusiness James Price has over 30 years’ experience in providing strategic, commercial and valuation 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. #### Related Blog Posts ### [How to use earnouts and contingency payments when buying and selling businesses [video]](https://blog.jpabusiness.com.au/blog/how-to-use-earnouts-and-contingency-payments-when-buying-and-selling-businesses-video) If you are considering selling a business at the larger end of the SME market, with a longevity of... [Read more ](https://blog.jpabusiness.com.au/blog/how-to-use-earnouts-and-contingency-payments-when-buying-and-selling-businesses-video) ### [How to create a shareholder agreement [template]](https://blog.jpabusiness.com.au/blog/how-to-create-a-shareholder-agreement-template) If you’re a business owner considering taking on an investing party or shareholder, some form of... [Read more ](https://blog.jpabusiness.com.au/blog/how-to-create-a-shareholder-agreement-template) ```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" : "2023-05-30T06:33:53.229Z", "datePublished" : "2022-08-09T20:00:00.000Z", "headline" : "Use the Buying a Business Planning Sheet to assess options [template]", "image" : [ "https://blog.jpabusiness.com.au/hubfs/1.%20Images/3.%20Other%20blog%20images/Buying%20a%20Business%20Planning%20Sheet%20page%201.png" ], "mainEntityOfPage" : { "@id" : "https://blog.jpabusiness.com.au/blog/use-the-buying-a-business-planning-sheet-to-assess-options-template", "@type" : "WebPage" }, "publisher" : { "@type" : "Organization", "logo" : { "@type" : "ImageObject", "url" : "https://blog.jpabusiness.com.au/hubfs/JPAbusiness-logo.svg" }, "name" : "JPAbusiness Pty Ltd" } } ```