Category: Choosing A Business

After happily living in America for the last ten years, I am about to become an American citizen. On December 11, 2006, I went for my final interview to the Immigration and Naturalization Services office in West Palm Beach, Florida.…

In my first post on this blog, I talked about the three traits common to every successful entrepreneur I have met. The first characteristic was perseverance. The second is that all great entrepreneurs are smart enough to know they don’t…

Before I go any further I want to take a moment to post about my partner in this project, Richard Parker. I've known and worked with Richard for going on 6 years now, and there is no one I can…

Question:I want to buy a restaurant but have never owned one before. What are the main things I should look out for or consider?Answer:Perhaps the first thing you should consider is why you want to buy a restaurant altogether? As…

Question: Many of the listings I come across do not include the business's revenue or cash flow. How can I possibly be interested in a business without at least having some sense of these numbers? Answer: This is an excellent…

Question: I have been looking online and in the newspaper to buy a business for nearly a year now. I haven't even found one yet that is worth visiting. Is there a better way to go about this search? I'm…

Q: Hi Richard - I have read your course and found it very helpful. I am currently in the process of buying a business, but I have one question. The business I'm looking at is a small eCommerce website. There…

Q: We are currently performing due diligence on a small manufacturing company. Everything seems to be in good order, and the business is very profitable. Our biggest concern is that nearly 60% of the sales are to just one retailer.…

Q: I am looking into buying a medium sized insurance brokerage that specializes in auto insurance. The current owner is very much involved in the business. He knows all of the clients personally, and even has many of them as…

Question: After an 18 year career at a major multi-national company I was recently given an "early retirement" from my upper management position. Rather than dust off the golf clubs, I've decided to go into business for myself. Franchising seems…