10 Important Questions to Ask Before Buying a Business (Infographic)

Buying a business is a big decision indeed, and if you do your homework well, it will definitely turn out to be favorable for you and your entrepreneurship journey.

There are various aspects that you need to look into before buying a certain business but there are some vital questions that simply cannot be ignored to acknowledge what exactly you are getting yourself into.

Below, we have covered the crucial questions that you should ask the seller in the initial meetings to make a well-informed decision. These questions will assist you to evaluate the current business condition immediately and will save your valuable time as you will be able to determine if this business is feasible for you or not.

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8 Reasons to be an Entrepreneur (Infographic)

“When the going gets tough, the tough get going!”

Is your 9-5 ritual taking a toll on your well-being? Did you always want to do something challenging and that too, for yourself? If you have the desire to experience freedom and generate a decent income, entrepreneurship is the way to go. It not only can give you a lifestyle of your choice but there are many other added benefits to it. The most appealing advantage of being an entrepreneur is to be by yourself and not at the mercy of your boss- you get to rule yourself! Here are the top 8 reasons for considering to spend the 40 hours a week for something you love and can help you lead an amazing life too.

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Selling a Small Business – Not So Small an Affair

It takes as much effort to fold something right as it does to blossom something from scratch. What can go wrong when one wants to sell a business and how can a business-person be better equipped to face it all?

For many reasons, an entrepreneur can find oneself standing at the sunset point and ready to conclude a journey that started with a small business. Sometimes, it is helpful to end something at the right time than to stretch it to everyone’s agony. Market factors, industry dynamics, sustainability issues and the roadblocks of scale or speed are just a few triggers that spur any small business owner to consider shutting down the curtains for good. It is only with the lessons learned and the hassles encountered here that the entrepreneur in question can be ready for forthcoming ventures that will gain from all the prudence and caution acquired in this very phase. Provided, the business owner does it right. But this is seldom a picnic.

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How to start a business in 6 Easy Steps

It is not as simple as baking cookies, but it is not as tough as assembling a rocket either. All you need is careful planning, a grandma for tips and the right oven.

Do you know that eleven percent of the adult population in India has been spotted to be engaged in early-stage entrepreneurial activities? Well, wait till you read the next figure. A mere five percent of people in India actually go on to establish their own business.

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Jump-Start a Franchise in Less than a Month

If you are reading this article, chances are you know the inherent advantages of choosing the franchise route instead of diving into the start-up whirlpool or grinding yourself in a 9 to 7 rut.

It is as good as being an entrepreneur but without the overwhelming risk, uncertainty and regulatory weight that deter even the most ambitious entrepreneurs.

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Buying an Existing Business- Benefits & Challenges

Buying an existing business is considered to be a better alternative to starting a business from scratch as it avoids all the hassles involved in starting a new business. But, there is no easy way out in the corporate world, where you might a ton of benefits, you might have a bunch of challenges too. Here are the benefits and challenges of buying an existing business:

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