The Business of Buying a Business - Experts Weigh In On What It Takes To Succeed

Released on = January 16, 2007, 10:39 am

Press Release Author = Evan Carmichael Communications Group

Industry = Small Business

Press Release Summary = Look up the word 'entrepreneur' in almost any dictionary and
you are bound to come across the word 'risk'. Entrepreneurship is, by definition, a
risky business. The stakes are high and the security is low. However, an increasing
number of entrepreneurs are discovering one way to reduce that risk; they're buying
existing businesses that have already proven themselves out in the real world.

Press Release Body = January 16, 2007 (Toronto, CA) -- Look up the word
'entrepreneur' in almost any dictionary and you are bound to come across the word
'risk'. Entrepreneurship is, by definition, a risky business. The stakes are high
and the security is low. However, an increasing number of entrepreneurs are
discovering one way to reduce that risk; they're buying existing businesses that
have already proven themselves out in the real world.

No venture is ever without its gambles, but buying a business that is already in
operation is proving to be a safer and more desirable choice than starting from
scratch for many entrepreneurs. The advantages of such a move are plenty, from
having a good location and a generated cash flow, to already established markets and
relationships with suppliers and banks. However, buying a business can also have its
disadvantages; equipment may be obsolete, the location may be poor, or there might
be little potential for growth. How can you determine if buying a business is right
for you, and if so, which business?

A new free resource at
Web Site = http://www.evancarmichael.com

Contact Details = Evan Carmichael Communications Group
http://www.evancarmichael.com

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