Before you come close to signing on the dotted line, there are 10 important factors to consider closely, writes accountant and business advisor Nick Roberts.
Starting a business from scratch and going without income in the initial period can be a daunting prospect, so it’s tempting to buy a business instead.
But before the excitement clouds your objectivity think carefully — the corporate world is littered with disastrous business acquisitions. So how can you avoid ending up the same way?
This article will cover the 10 major elements that should be taken into account prior to signing any deals. Understanding these and keeping them in mind will give you the best chance of a successful acquisition.