***The Only Risk-Free Way to Become an Entrepreneur
Written by Michael Sexton, Trump University, The Official Guides to Real Estate
Do a simple experiment this morning. Go to the search engine of your choice and search for the term “businesses for sale.”
You are going to be astonished by what you find. Businesses are changing hands at an amazing rate in virtually every area of the United States, and thousands of attractive businesses are available. There are publishing companies, bicycle shops, Internet service providers, restaurants and just about any other kind of enterprise you can name. Many of them are available at very attractive prices.
But let me give you a word of caution. Before you pick up the phone and ask about one of the businesses that are available, you need to first take a close look at our course, The Art of Buying a Business.
Because despite all the opportunities that are inherent in buying a business, you still need to know how to minimize the risks. You need to:
- Negotiate the lowest price you can for the business.
- Make certain that the sellers have not “cooked the books” to fool prospective buyers.
- Speak with the business’s customers to make sure they will stay with you if you become proprietor.
- Negotiate with suppliers to be sure they will be with you if you become the proprietor.
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