BUYING OR STARTING A BUSINESS

buying a business

BUYING OR STARTING A BUSINESS
Background Research

It is very important to find out the true reason for selling. This can be done by speaking to associates, employees, suppliers and competitors. Also to get references on any current prevailing situations such as cash flow problems. Speak to the sellers bank and suppliers. Find out as much information of the seller in his or her private capacity. Conduct your own background checks at the local metropolitan council can also be useful as their may be a shopping centre being built nearby that could effect your business , new zoning for smaller houses , or land used for RDP housing . Find out from the local police station if the area is crime ridden , vandalism and high theft . Contact the health department and find out if any standards have to be met .

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