BBS Buyers' Myths
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Buyers' Myths

Myth Number One… Buyers need to know from the beginning the exact business they want.
Buying a business is a process, one that takes time and requires the buyer to look at all options. In fact the majority of Buyers end up buying a business they never thought of in the early stages of the process.

Myth Number Two… Buyers will always choose what they are comfortable with over the unknown.
Many buyers start the process by looking at a business based on what they are comfortable with from past experiences. But the majority will use the buying of a business to do something that is new and moves them away from the stagnation of their past career.

Myth Number Three… Money is the key motivator in seeking to own one's own business.
Independence and being one's own boss are the #1 motivation. That is not to say that money is not way up on the list.

Myth Number Four… You have to be a millionaire to buy a business.
Just like you don’t have to be a millionaire to own a house the same holds true in buying a business. The key is to finding the proper business that fits your financial profile.

Myth Number Five… Profitable businesses are not for sale.
There are many reasons one sells a business. Financial viability is one. But also retirement, health, burn out, and boredom are just a few other reasons a business may be for sale.

Myth Number Sixth... Borrowing money to buy a business is impossible.
There are many lending agencies that will lend money and as a professional brokerage we can help you thru that process.

Myth Number seven… It is cheaper to start a new business or franchise than buy an established one.
Buyers must look at the full investment when making such a decision. Time, money, marketing, risk, and knowledge are just a few items that need to be thought of.


Buying a business is a big decision, that is why working with a BBS Professional is important. I will help you find that business that meets your needs and importantly weed out the ones that don’t. I will guide you thru each step of the process to make sure you are confident when you finally purchase that business.

 

 
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