Purchasing a business. What are the right questions to ask?

[IamDozzy]

When purchasing a business or about to purchase a business, i think the first thing you do is to check the fiscal development, population how the business could solve problem etc...

When you say problem, I hope the sliding of the problem would provide profits for the business because that's very essential. The basic thing to consider before buying a business is the profitability of the business.

 

[Richard92]

You need to know a lot about the business you are intending to purchase before purchasing it. Like the type of customers tht patronize it,what was it's capital base at startup and lot more

when you want to purchase a business there is some basic questions you have to ask as an investor or entrepreneur one of these basic question is why is the owner of the business selling of the business and what are the challenges involved in such business this will enable you to know whether you can make credible changes and effect when you start running the business.

 

[Setho]

You should first ask yourself why they want to sell the business in the first place. Then you should also asked them about the efficiency of the machines that are used in the business.

 

[cowantussie]

low are 6 questions you should ask yourself before buying a business.
Why Do You Want to Buy This Business? .
How Will You Make Sure You Are Successful?
How Much Capital Do I have Access to?
How Much Is the Business Worth?
Ask to Speak With the Current Owner.
Ask to See the Business' Current Financial

 

[Jlife]

In a simple statement you should only be able to buy a property from anyone when the person has given all the proof of ownership, without this ,it is not safe for you to buy any property from anyone without he or she presenting all the rally document to support the ownership.

 

[GIFTMICHAEL]

The only business i see myself purchasing if I'm willing to purchase one, will simply go for online store, purchasing an already built having the popularity if any one is flipping it up by then.

 

[Sincerem]

I have a business option, i don't see myself purchasing another option offline, I'll only look forward to expanding it, or revamping it to look ultra brand new.

 

[Senator]

In purchasing an existing business wether it is new or older, the right questions one should be asking are; is the business in anyway in debt that you should know of? Does it have any outstanding settlement likw bills to meet?

 

[Kelly5]

In purchasing a business, it is paramount that you know how long has the business been in Operation. Who are the business's creditors and debtors? The line of product the business has been and is into

 

[Bookwormlux]

I have a business option, i don't see myself purchasing another option offline, I'll only look forward to expanding it, or revamping it to look ultra brand new.

If you have an option to buy a more advanced form of your business without spending much money, won't you consider accepting this offer?

 

[Sincerem]

If you have an option to buy a more advanced form of your business without spending much money, won't you consider accepting this offer?

Hmm, that gonna be thrilled that's my dream of running such a business, to upgrade to more advance without spending much money.

 

[Richard92]

When purchasing a business, you need to know all the terms and conditions associated with it, you need to request for a signed document which contains in detail all the things you need to know about the business, like the current net worth of the business, it's partners, stock and shares.

When one want to purchase a particular business he or she should know how the business operates and the reason why the first owner is selling off The Business this may give you a hint on whether to buy or not

 

[Jlife]

You have to ask all the questions you think it is necessary to prove that they are the real ownership of the business, buying a business is complicated and you really need to do your own diligent research before transaction.

 

[skyliequiz]

What is the duration of the trial period? The most crucial stage in income verification is to agree on a minimum trial time. During the trial period, you should observe at least the average turnover shown in the most recent financial records.

 

[Setfragil]

When purchasing a business, we need to ask the necessary questions like the debtors and creditors of the business, if the business in on any form of litigation with anybody or business.

 

[Richard92]

When purchasing a business, you need to know all the terms and conditions associated with it, you need to request for a signed document which contains in detail all the things you need to know about the business, like the current net worth of the business, it's partners, stock and shares.

Where do you want to purchase a business because why is the owner of the business selling of a business and what are the risks that is involved in such a business.

 

[Bousine123]

I think the amount of debt the business is owing will be a nice place to start. Next thing should be the profits you can potentially make from the business.

 

[Yusuf]

I believe before an individual would decide to buy a business, he or she must have done his or her own personal research about the business if it's profitable or not because that is the goal of all business. So asking questions again isn't necessary

Post automatically merged: Aug 11, 2021

I believe before an individual would decide to buy a business, he or she must have done his or her own personal research about the business if it's profitable or not because that is the goal of all business. So asking questions again isn't necessary

 

[Kingstone]

Buying a business is a big risk to take. But it can be managed by asking some important questions. You can ask for outstanding debts and how the workers or clients feel about the business itself. If they have practical suggestions you can follow to succeed in the business, take them. No business is without a history, loopholes. Get to find them all

 

[HayKay]

I think metrics of performance such as market range, customer base and areas of operations are also very important. Another thing that should be well noted should be their online presence and key investors too