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Why Buy An Established Business Rather Than Start Your Own Business? Mmmmm

Why Buy An Established Business Rather Than Start Your Own Business? Mmmmm
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You are ready to start your new business but you are not sure whether it might be better to buy an established business. Here are a few m’s to think about.

First of all and most important you must remember that businesses are sold for a reason and it is important to not only remember that but also take this into account in your decisions. So let’s look at why you should buy an established business.

1. Maturity: An established business has had time to mature, establish itself in the market and build up some good will. Of course you need to ensure that the business is running efficiently and effectively.
2. Market: It has established its brand and already captured some of the market. Again ensure that the image that the company projects is one that you can live and work with and is not a negative brand.
3. Maximisation: You can maximise your time spent on running your business, because you will not have to spend time setting up and establishing the business. Make sure that you are not going to have to spend time making the purchased business efficient.
4. Minimisation: You will minimise your costs as you will not have to spend money on breaking into the market. Also you will usually obtain your stock, materials and equipment at less than cost price when your buy your business. It is important that you ensure that you buy the established business as an appropriate cost and are not overcharged for “good will”.
5. Manufacture: You will buy some of your stock when you buy the business. In addition your manufacturing processes as well as the rest of the business processes will already be set up and tried and tested so that you do not need to spend time and money setting them up again. Ensure that the arrangements, leases and terms that the existing company has are transferable and acceptable. The existing processes should be workable and not the reason that the company is for sale!
6. Management: If you buy a larger company your management and staff will already be trained and in situ. Of course you need to be able to get on with them and ensure that they have not learnt bad habits!
7. Monopolise: The established company, or whoever buys it, will be your competition if you set up a new business – so buying it allows you to monopolise more of the market and available customers. This is probably one of the best reasons to buy and established business. Many small businesses are bought by much larger businesses just to take them out of the market!





Why Buy An Established Business Rather Than Start Your Own Business Mmmmm - To learn more about this author, visit Lee Lister's Website.

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Staging Diva
Debra Gould, aka The Staging Diva®, is President of Six Elements Inc., an internationally recognized home staging company. Inspired by many requests from aspiring home stagers wanting to start similar businesses, Gould created the Staging Diva Home Staging Business Training Program. Gould has trained 4000+ students worldwide to start staging businesses. Buying decorating and selling six of her own homes in four years lead to an interest in real estate staging which she turned into a career with the launch of sixelements.com in 2002. Since then she has staged hundreds of homes in addition to teaching home staging training. Gould is the author of several home staging resources including a series of popular home staging guides made up of a Design Guide, Color Guide, Portfolio Guide and Twitter Guide. For more information about Debra Gould visit stagingdiva.com. - Visit Staging Diva's Website

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WebBizIdeas.com is a Minneapolis website design company founded to help people start an internet business by providing them with website, business, and internet resources that help foster the growth of successful online businesses and develop innovative Internet business ideas.  We specialize in internet consulting & internet marketing
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 About The Author


Lee Lister
(Visit Lee's Website)
Lee Lister is a Business Consultant with more than 25 year's consultancy experience for many household names. She is known as The Bid Manager or The Biz Guru.

From an early age she began an unparalleled journey through business consulting that continues to span across the UK, USA, Europe and Asia. She has consulted for a considerable number of companies all over the world. Specialising in business change management, start up consultancy and trouble shooting. Lee's experience in marketing and internet marketing is also keenly sought after.

She is a prolific published writer of books, ebooks and articles and can easily be found on major search engine and Amazon. Her books include: FastTrack Bid Management, Proposal Writing For Smaller Businesses, How Much Does It Cost To Start A Business, Entrepreneur's Apprentice and a series of Start My New Business books that do as they say in the title!

Her major web sites are:
http://www.BizGuru.us
http://www.Bid-Manager.com
http://www.MarketingGuerrillas.com
http://www.StartMyNewBusiness.com



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