Have you decided to buy a business? Although there are many aspects to consider during a business buy, understanding basic factors of purchasing a business can help you make better decisions moving forward in a business acquisition. We’ve compiled a list of some of the most commonly asked questions when it comes to buying a business:

Business advisors and realtors are both professionals in their given sectors of industry, often overlapping duties during the acquisition of a business. But after the acquisition or sale of a business and its property, the commonalities cease to exist. Here are the key differences between a business advisor and a realtor, and why these differences should matter to you.

Whether you are purchasing a business for the first time or expanding your existing business by investing in another, effective financial planning is essential in the successful acquisition of a business. Financing this purchase doesn’t have to cause unnecessary stress. Knowing when to ask for help sets you up to complete the purchase of a business with ease. Ensure you complete these four tasks beforehand, and you’ll be well on your way to a successful purchase.

The food industry is one full of constant change, excitement, and expansion. As an industry which serves to fulfill one of the most basic human needs, a business purchase in the food industry can be successful from day one when you know what elements to look for. Food service is an industry chalked full of purchasing options such as dining establishments, fast-food chains, and food production. Realizing the various elements and components within each sub-industry, and knowing how to value a small business for purchase will help any individual buyer make the optimal purchasing decision.

Once you've decided to become a business owner, it's safe to say you've made the first of many important decisions. If you've already begun your search you might have uncovered the fact that there are A LOT of businesses available for purchase in Minnesota. Below, I'll share some strategies for narrowing the field.

Have you set a New Year's resolution for 2017 yet? Oftentimes, I see friends, family, and colleagues setting goals for ways to make their lives better in some way or to change a habit they've been meaning to let go of. While that's all great, I see resolutions a little differently. First, I ask myself this question:

Buying a business can seem like a daunting task, but it is becoming an increasingly popular path these days. While there may be a lot of people that are eager to start a business, there are some that just don't know what steps to take in order to buy a business or don't have the necessary funds. There is a way in which you can start a business by using your Individual Retirement Account (IRA) or by using your 401K account. Read on to learn what you need to do in order to make it a reality. Here is how you can buy a business using your IRA or 401K.

There are several reasons why people choose to purchase an existing business instead of building one from scratch: you will be free from the responsibilities of building a customer base, investing initial capital for marketing, and establishing a steady net of positive cash flow. All of these aspects are already mature in a purchased business.

Buying a business is perhaps the most surefire way to become your own boss. Why? Because as the owner you are the key decision-maker, instantly becoming the head of a company. It’s less about climbing the corporate ladder and more about finding your own ladder. Do you want to be your own boss? Let’s talk about it.