Preparing to buy a business can be tricky business at times. But as a successful entrepreneur, you’re passionate and focused on acquiring the business of your dreams. By following this list of 5 things not to do before you buy a business, you’ll be providing yourself with more time to accomplish the tough, and necessary, work that needs to be done to purchase a business successfully.

1. Get New Lines of Credit

No matter the costs of purchasing a new business, getting new credit cards will not help you successfully own a business. Aside from racking up debt, having too many credit cards may show potential lenders that you’ve been unable to handle your money well in the past. The time will come that you’ll require a business credit card, but for now, work with the money that is already available to you.

2. Buy a Vehicle

In many places around the world, a vehicle is not a necessary mode of transportation anymore. Making a big purchase like this before you buy a business is unnecessary, and takes away funds from a potential down payment for a business, or emergency savings for yourself. Instead, actively transport yourself by walking or biking when possible, or opt for public transportation if it is a viable option in your city.

3. Lose Your Job

Although this may not be completely your decision, losing your job before an important business purchase is detrimental to your acquisition process. Without sufficient funds for lawyer and accounting fees, creating a team for the purchase process may be near impossible. Cultivate a healthy balance between your current job and your road toward business ownership by maintaining a good work ethic and producing the same results.

4. Default on Current Payments

If you ever want to receive a loan, you must have great credit to prove to potential lenders that you can hold yourself accountable to paying down that loan. By defaulting on your current payments, lenders will not provide you with the sufficient funding necessary to purchase your business. Stay on top of your personal finances before trying to invest in a business.

5. Rack Up Credit Card Bills

Just like getting a new credit card won’t help you in the process of purchasing a business, racking up your existing credit cards will show creditors that you’re not responsible enough to receive a business loan. If owning a small business is your desire, maintaining a healthy relationship with your finances, and making sacrifices where necessary, is required for success.