Business Buyers – A Small Business Buyers Quandry

Statistics reveal that out of about 15 Los Angeles business would-be business buyers, only one will actually buy a small business opportunity. It is important that potential sellers be knowledgeable on what buyers go through to actually become business owners. This is especially true for those who have started their own business or have forgotten what they went thorough prior to buying their business. If a prospective Los Angeles business buyer is employed, he or she has to make the decision to leave that job and go into business for and by himself. There is also the financial commitment necessary to actually invest in a business and any subsequent loans that are a result of the purchase. The new owner will likely need to execute a lease or assume an existing one, which is another financial commitment. These financial obligations are almost always guaranteed personally by the new owner. The prospective business Los Angeles owner must also be willing to make that "leap of faith" that … [Read more...]