Tips on buying a business

Are you right for business ownership?

Ten key things to consider before buying a business

1. Know what you’re paying for

2. Evaluate the goodwill

3. Investigate a restraint of trade clause

4. Check the lease

5. Understand the market

6. Understand the competition

7. Assess the growth potential

8. Seek advice

9. Conduct your own research

10. Have a contingency plan

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