As a guide to buying a Florida business, Truforte Business Group, Florida's trusted Business Broker strives to provide buyers with the necessary information, so that the buyer can make an informed decision when it comes to purchasing a Florida business. There are a number of things to take into consideration when buying a Florida business so we have developed this convenient checklist to help those shopping for a business for sale to become business owners. Here are some helpful tips for buying a Florida business:
1. Select a Business Broker that you can trust. At Truforte Business Group our number one priority is creating win-win situations. This means not just selling businesses, but selling the right businesses to the right buyers and creating long term success for everyone involved. Unlike some brokers who only sell a select number of their own listings, Truforte Business Group Brokers work through a cooperating network of Brokers and are able to offer a huge selection of opportunities across a vast number of different industries. Working with a single Broker at Truforte Business Group will eliminate the hassle of having to contact a number of different Business Brokers in order to track down information and find the right business opportunity. When it comes to buying a business Truforte Business Group is your one stop shop.
2. Find a business that is right for you. It is important to find a business that you will enjoy owning as well as an industry that you will enjoy working in. Many times so much emphasis gets put on the money and the income or earnings of a business that a buyer forgets to think of their own personal mission and meaning behind why they want to purchase and own a business. A business owner will be far more likely to become successful with their business if they have their heart in it. This will be covered more in depth in an upcoming article "The Entrepreneur's Guide to Discovering Your True Forte for the Business Buyer". Be sure and check back for that valuable information.
3. Making the decision to purchase the business. Far too often business buyers get caught up in over analyzing a business opportunity and spend so much time focusing on the numbers that they lose sight of what attracted them to the business to begin with. This is often referred to as paralysis by analysis. It is important to look at the big picture and consider whether a particular business opportunity is in line with the buyer's motives, mission and meaning. If so, then often times, the minor variances that can occur in the profit & loss statements, tax returns and balance sheets on a year to year basis become just that, minor variances.