Are You An Entrepreneur At Heart?
LOVE WHAT YOU DO
A lot of people that we meet have often dreamt about leaving the corporate world to be in control of their financial freedom. If this is you, please contact us to arrange for a free consultation where we will help you assess which industry or type of business is right for you.
We will go over the process of buying a business and even help you understand how much you can afford and how much you’ll make. You will have a lot of questions along the way, and we’re here to help guide you through every stage.
Why You Should Buy a Business Rather Than Start Your Own
5 REASONS WHY IT MAKES SENSE
1. Easier to secure finance
Either through a traditional bank, Small Business Association (SBA) loans, or the Business Development Coporation of Canada, it is definately easier and cheaper to raise capital to purchase an existing business than it is to raise money for a start-up.
2. Save time setting up systems and processes
Not only will you save hundreds of hours setting up new technology but you won't need to make costly mistakes or try and be an expert at everything.
3. Established brand
Companies spend thousands and sometimes millions of dollars building and establishing a strong brand. They've made the mistakes and built a loyal following, saving you many hours establishing a strong brand with repeat customers.
4. Existing customer base
The Client Acquisition Cost (CAC) is an important metric that needs to be constantly reviewed. When you buy an existing customer base, you significantly reduce the CAC by leveraging referrals from your current clients.
5. Existing employees
Having existing, trained employees is an expense that is often overlooked. According to GetHired.com, the average cost associated with a new employee (taking into account both the recruiting and hiring process) is almost $19,000. This is because finding the right talent involves much more than poring over resumes and conducting interviews and takes your focus away from growing the business.
Are You An Entrepreneur At Heart?
LOVE WHAT YOU DO
A lot of people that we meet have often dreamt about leaving the corporate world to be in control of their financial freedom. If this is you, please contact us to arrange for a free consultation where we will help you assess which industry or type of business is right for you.
We will go over the process of buying a business and even help you understand how much you can afford and how much you’ll make. You will have a lot of questions along the way, and we’re here to help guide you through every stage.
Why You Should Buy a Business Rather Than Start Your Own
5 REASONS WHY IT MAKES SENSE
1. Easier to secure finance
Either through a traditional bank, Small Business Association (SBA) loans, or the Business Development Coporation of Canada, it is definately easier and cheaper to raise capital to purchase an existing business than it is to raise money for a start-up.
2. Save time setting up systems and processes
Not only will you save hundreds of hours setting up new technology but you won't need to make costly mistakes or try and be an expert at everything.
3. Established brand
Companies spend thousands and sometimes millions of dollars building and establishing a strong brand. They've made the mistakes and built a loyal following, saving you many hours establishing a strong brand with repeat customers.
4. Existing customer base
The Client Acquisition Cost (CAC) is an important metric that needs to be constantly reviewed. When you buy an existing customer base, you significantly reduce the CAC by leveraging referrals from your current clients.
5. Existing employees
Having existing, trained employees is an expense that is often overlooked. According to GetHired.com, the average cost associated with a new employee (taking into account both the recruiting and hiring process) is almost $19,000. This is because finding the right talent involves much more than poring over resumes and conducting interviews and takes your focus away from growing the business.
"Some people dream of success, while other people get up every morning and make it happen." - Wayne Huizenga
There are many questions that you may have about how to buy a business, including:
What is the right business for me?
What is the process to buy a business?
How can I figure out the discretionary earnings?
How much should I pay for the business?
How much can I borrow to buy a business and where can I get a loan?
What questions should I ask when buying a business?
You can get the answers to these and other questions about how to buy a business answered when you meet with us. There is no cost or obligation to this meeting.