Business

How can you increase your chances of success in business? That is a question many new business owners ask. Obviously many elements are necessary to succeed in your own business. It is my experience that buying an existing business is one of the best ways to bring together those elements needed for your immediate success. New business owners always want to know how successful or profitable their new business will be. Their initial business plans are, among other things, attempts to estimate early results. But these are guesses at best. When you buy an existing business, the seller’s past performance can be the best indicator of your future success. Rely on Historical Performance When you start a business from scratch, there is no way to know how well that business will do. You could ...