When to Get In & When to Get Out
One of the greatest things about being an entrepreneur is that there are so many different methods of owning a business. You are not required to start a business from scratch. In this course, you will learn about other methods of being an entrepreneur.
Buying & Selling Businesses focuses on how to use a business broker to purchase an existing business, other business opportunities - such as franchises, and how to sell a business that you may already own. Selling your business is the ultimate payoff for being an entrepreneur.
You will learn:
- How to evaluate businesses for sale to find an under-valued business.
- Methods to build a business to increase revenue and value.
- Rules of franchising.
- Determining a fair price for the sale of your business.
If you want to find other methods of owning a business without starting from the ground up, this course will give you that information and provide those alternatives. Since part of the class focuses on taking a business that is not performing at its peak and turning it around, you will also want to come to find ways to improve a business that you already own.
Learning Objectives:
- Identify the basic principles a business must address to succeed in a market place.
- Define the life cycle of a business will be presented with the changing needs a business owner must address during each life cycle.
- Understand the factors used to evaluate the asset and intrinsic values of an existing business.
- How to decide to buy, sell, or expand a business based on the financial analysis of an existing business.
- Show models of how an active business is priced at the time of sale.
- Using Business Brokers.
- Internal business expansion methods to determine if your business is fully using its existing resources.
- Identify vertical business expansions and changes to supply and delivery into your market reach into new areas.
- Franchising as a business model and opportunity.
- Funding the startup, operation, and expansion of a business including the changes in business funding during the life cycle of a business.
- Federal, State and Local taxes you need to be aware of as you operate your business.