***The Smartest Decision You Will Ever Make
Written by Richard Parker, Trump University, The Official Guides to Real Estate
- On your first day you own your business, a customer will probably call. That is a statement that very few people can make when starting business of their own.
- You get to review financial information about the business you will buy. That helps you decide whether to buy the business or not. But it serves other purposes too, such as showing you where you can improve operations or cut costs to generate greater profits.
- You can negotiate on price. There are many reasons why people sell businesses for reduced prices. Perhaps they want to retire. Perhaps they have started other businesses and need quick cash. Perhaps they simply like you and want to see you take over the businesses they built. You will be struck by how many bargains are available.
- Your dollar goes a lot farther. You save the costs of buying brand-new equipment, acquiring facilities, staffing up - and lots more. You get a lot more bang for your buck when buying a business.
- Your new business can be a platform for additional enterprises. Perhaps the seller sees his company as little more than an accounting firm. But you see that you can expand it into financial planning, investment counseling, lending, business consulting - and more. You're not just buying a business. You are getting a platform for new activities and remarkable success.
- nTrump University Professor Richard Parker developed Trump University's self-paced multimedia home-study course on Buying a Business. Professor Parker bought his first business when he was 12 and sold it for a profit when he was 13. He has now bought more than 10 businesses and is a national authority on the subject.
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