Buy A Business Without Ever Worrying About Overpaying Or Getting Screwed Over By The Seller
If you’d like a sure-fire way to make sure you never “overpay” for a business you want to buy, then this article contains a simple little “tactic” that can save you a lot of money.
Listen, this will sound very basic but it works: The whole key to making sure you never get taken for a ride on the price when buying a business is to simply take everything the seller says with a grain of salt.
In other words, you simply have to check everything out they give you and verify it. Take nothing on good faith. Do not “trust” the seller, no matter how much he kisses your butt or how “great a guy” he seems to be.
You can verify almost everything simply by bringing in a CPA…and having him (or her) check out the financials from the last four or five years to make sure everything jives with what the seller is saying. Simple? Yes. But buying a business is simple when it comes down to it. It’s all about doing your homework, checking everything out and taking your time.
And when you do this you’ll find that all these things you need to know — the good, the bad and the ugly — will pop out. In fact, once you go through your first business, and even if you don’t close on it, you’re going to find by the time you get to the second one the next week or the week after, the same things are going to pop up. By the time you’ve gone out to look for maybe a month, and you’ve looked at a number of businesses, the same things will keep happening over and over again…and you’re going to start to feel like a genius at this. This is no joke, either. I’ve even seen people with “room temperature” IQ’s — and with no formal education whatsoever — buy businesses (even very large businesses) simply by following these steps.
I know it’s hard to believe, but it really is that simple.
Arthur B. Hamel has bought over 200 businesses in the past 50 years, and is a well-known author, consultant, investor, business owner, and dynamic lecturer who has shared the stage with such business greats as Robert Allen of “No Money Down” fame. For the past 20 years Art has taught thousands of people around the world — even so-called “little guys” with no formal education or money — how to quickly and easily buy large, multi-million dollar businesses with no credit, banks or prior business experience. He has recently decided to share his unique business-buying secrets and tactics free of charge at: http://arthurhamel.com
