Buying your own business or franchise is a good idea. Check out some of the numbers listed here. Small Business Trends spoke with BizBuySell’s Bob House to get the lowdown on best practices.
Consider Whether to Start a Business or Buy an Existing One
First, there is another big choices you need to make: whether to buy an existing business or starting one on your own.
Buying An Existing Business
On the buy an existing business side of the ledger, advantages include you’ll have an existing cash flow. Buying an existing business means there’s already a steady stream of money coming in. It’s one less thing to worry about.
