FRUSTRATED CONSULTANT URGES ENTREPRENEURS TO BUY A BUSINESS
Released on = January 1, 2006, 6:33 pm
Press Release Author = Michael Lee
Industry = Small Business
Press Release Summary = Business consultant Michael Lee claims that entrepreneurs should seriously consider the benefits of buying a business, especially since the costs are nearly the same as those associated with starting a business.
Press Release Body = FOR IMMEDIATE RELEASE
FRUSTRATED CONSULTANT URGES ENTREPRENEURS TO BUY A BUSINESS
Business consultant Michael Lee claims that entrepreneurs should seriously consider the benefits of buying a business, especially since the costs are nearly the same as those associated with starting a business.
New York, NY - \"Buying a business is far more profitable than starting a business,\" claims business consultant Michael Lee. After having helped both aspiring entrepreneurs and business buyers, Lee claims that entrepreneurs should buy a business instead of starting one.
Some of the benefits of buying a business include:
- An Established Customer Base
- An Established Business Reputation
- An Established Employee Base
- Established \"Business Systems\" in Place
- Established Relationships with Suppliers
\"It\'s turn-key,\" says Lee. \"Everything is all set up for you -- including business managers who can run the business for you.\"
Moreover, Lee claims that the cost of buying a business is nearly identical to the cost of starting a business.
To help business buyers, Lee has published several new websites that outline helpful information on business purchase financing: www.businessbuying.org, www.tycoontechnique.com/secret.htm, and www.billionaireblueprint.com
On his websites, Lee offers tips on how to buy a business with no money down, as well as tips on finding businesses for sale.
Lee offers the following advice to business buyers:
(1) Look at many businesses before deciding to buy one. \"There are a lot more businesses for sale than you think,\" claims Lee. \"Don\'t jump at the first opportunity.\"
(2) Get professional help from attorneys and accountants. \"I could tell you horror stories of people buying businesses without lawyers or CPAs,\" says Lee. \"They all claimed bankruptcy within a year.\"
(3) Get 3-5 years of financial statements or tax returns. \"If you see declining sales or flat sales for the last few years, you might be headed for trouble,\" says Lee.
\"Above all, be careful of unscrupulous business owners,\" warns Lee. \"Many owners are trying to dump their problems on someone else. However, even with these few bad apples, it\'s still far better to buy a business than to start one.\"
Michael Lee is a licensed attorney and a certified business broker. He manages an acquisitions strategy firm headquartered in New York and Los Angeles. In his spare time, he publishes a hobby newsletter called, \"Michael Lee\'s Business Report,\" which chronicles the world of business buying.
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For more information about this topic, please contact:
Michael Lee (646) 335-3283 news@billionaireblueprint.com www.businessbuying.org www.tycoontechnique.com/secret.htm www.billionaireblueprint.com
Web Site = http://www.businessbuying.org
Contact Details = Michael Lee||315 Bleecker Street, #244||New York , 10014||$$country||||6463353283||news@billionaireblueprint.com||http://www.businessbuying.org