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Capital
and Credit
In order to buy a business, you will need liquid assets to invest.
Cash, stocks and bonds are examples of liquid assets. Your personal financial statement will help your Broker determine how much you can afford
to invest. If you expect to finance a portion of the purchase, it is important
that the lender approve your credit.
Time
Buying a business often takes between two and
four months. If you are employed, it may take longer. Buying a business can
be a full time job. |
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Skills
Most small businesses require an owner-operator
in order to be successful. Absentee ownership is often an invitation for
failure. Your resume will help your Broker match your management and business
skills to the best opportunities for you. |
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