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logologologo
  • Home
  • About
    • Our Process
    • Why I wrote the book on Being a Business Broker
    • Who is Ed Legum?
    • Getting Started
    • Careers
  • Selling
    • Seller Registration
    • How To Sell Your Business
    • Valuation
    • Industries
    • Download Free Whitepaper
    • Financing the Deal
    • Seller FAQ
    • Sellers Blog
  • Buying
    • Buyer Registration
    • How To Buy A Business
    • Financing the Deal
    • Buyer FAQ
    • Buyers Blog
  • Contact
  • Home
  • About
    • Our Process
    • Why I wrote the book on Being a Business Broker
    • Who is Ed Legum?
    • Getting Started
    • Careers
  • Selling
    • Seller Registration
    • How To Sell Your Business
    • Valuation
    • Industries
    • Download Free Whitepaper
    • Financing the Deal
    • Seller FAQ
    • Sellers Blog
  • Buying
    • Buyer Registration
    • How To Buy A Business
    • Financing the Deal
    • Buyer FAQ
    • Buyers Blog
  • Contact
July 30, 2013 by Edmond Legum Buyer Articles 0 comments

Questions to Consider for the Serious Buyer

A serious buyer should have the answers to the following questions:

  • Why are you considering the purchase of a business at this time?
  • What is your time frame to find a suitable business?
  • Are you open-minded about different opportunities, or are you looking for a specific business?
  • Have you set aside an amount of capital that you are willing to invest?
  • Do you really want to be in business for yourself?
  • Are you currently employed or unemployed?
  • Are you the decision maker, or are there others involved?

The real key to being a serious buyer, however, is whether the individual can make that “leap of faith” so necessary to the purchase of a business. No matter how much due diligence a buyer performs, no matter how many advisors there are to advise the buyer, at some point, the buyer has to make a leap of faith to purchase the business. There are no “sure things” and there are no guarantees. If a buyer is not comfortable being in business, he or she should not even contemplate buying one.

 

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