When evaluating an existing business that is for sale, what areas should an entrepreneur consider? Briefly summarize
Question:
When evaluating an existing business that is for sale, what areas should an entrepreneur consider? Briefly summarize the key elements of each area. (LO 3: Explain the four steps in the search stage for buying the right business)
(1) Why does the owner want to sell?
(2) What is the physical condition of the business?
(3) What is the potential for the company's products or services?
(4) What legal aspects are important?
(5) Who are the competitors?
(6) Is the business financially sound?
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An entrepreneur should consider these key elements 1 A recent study by the Geneva Corporation found ...View the full answer
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Related Book For 
Entrepreneurship and Effective Small Business Management
ISBN: 978-0133506327
11th edition
Authors: Norman M. Scarborough, Jeffrey R. Cornwall
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