For those who have felt the desire to do something entrepreneurial. 

“Buy, Don’t Start a New Business”

We’ve all read about the high failure rates for new start-up businesses.  By purchasing an existing business you can dramatically minimize the risks associated with starting a brand new business. 

Successful existing businesses have a proven track record of profits that generally continue long after a business has been sold. As the new owner, you can take the business to even higher profitability by incorporating new ideas, expertise, and energy. A business with a well-known name, location, product mix, knowledgeable employees, etc. will enable a new owner to focus on long-range strategic planning rather than day-to-day minutiae. There will be no suffering through an extensive start-up period as you struggle to attract customers to your business. You can use the business’ established customers for immediate cash flow and as your base for future business growth.

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“ Owning your own business can be very rewarding.  But it can also be very frightening.  A Business Broker can help by showing you a variety of businesses that are legitimately interested in selling and help through the purchasing process”

Do you have small business questions you would like answered about this article or others?  Please visit www.LibertyBusinessBrokersofOntario.com or call 519-903-7807.  

William Sivell is the Owner/Broker of Record for Liberty Business Brokers of Ontario.