

For Buyers: How To Buy A Good Business At A Great Price
Jan 2, 2024
Learn from Richard Parker about the basics of buying a business, finding the right match for your strengths, and avoiding common mistakes. Discover the challenges of acquiring businesses successfully, approaching non-publicly listed businesses, and navigating seller expectations. Emphasizing the importance of informed decisions, independent appraisals, and learning through ownership, this podcast provides valuable insights for potential buyers.
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Good Businesses Need Down Payment
- Buying a good business takes money down; no money down deals often mean distressed businesses.
- Sellers of good businesses don't give them away due to strong market demand and risk of losing value.
Match Business to Skills
- Match the business to your greatest skill set for success.
- Owning a business outside your skillset risks failure and rapid decline.
Get Educated Before Buying
- Educate yourself before buying a business to avoid failure.
- Seek mentors, read good material, and ask lots of questions to prepare effectively.