Copyright 2006 Business brokers Kenya | All Rights Reserved Tyc & Associates, Head Office: Nairobi Kenya
Business Brokers Kenya
BUYING A BUSINESS?
The Do’s & Don’ts of buying a Business
In order to ensure that the purchase of a business goes
as smoothly as possible, we would like to share with you
some of the do’s and don’ts in buying a business.
The following list is not in order of importance. In any
given situation, one or more of them can be important.
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Do your research,know exactly what you want and embrace the three rules of business, LOCATION,
LOCATION,LOCATION,Knowing what business you'd like at acquire,is getting half the job done.
Do have a budget in mind,after determining the kind of business you'd like to acquire /buy,the next
important aspect in the acquisition is having a financial budget.
This should not only cover the acquisition terms,but should cover other peripheral costs,Operation costs,
Stocking,improvements and marketing.
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Search for the right business.
You Know the business you intend to acquire
You have set up finances and resources
Search for the right Business though in business brokerage,there is "never the right business".Some
business people turn,dead,Obsolete businesses into vibrant entities,whereas,so business people
literally run down vibrant booming businesses.
Searching for the right business basically refers to looking for the kind of business you desire,At specific
locations that you prefer.
Thats where we come in.
Tell Tyc & Associations the kind of business you desire and with specific locations and we shall source
out options to suite your needs.
Strike while the rod is hot. Usually business sellers,No matter the reason for selling,get last minute cold
feet,this is due to the attachment that grows between the owner,the business,he's clients,suppliers Etc
its a hard bond to break,and many a time do business sellers become hesitant at the last minute Its
also their most vulnerable time,and the best time to negotiate,Give an offer and pay.
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Do use the services of TYC & ASSOCIATES as
much as possible. We have many years of experience
negotiating the sale of businesses,the buying of businesses, arranging financing,transferring distributor
agreements, renegotiating
leases, etc. Take maximum advantage of our
experience and expertise. Your time should be spent in
continuing the successful operation of your business,
not in worrying about every little detail of the transaction.
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