Produced by BizBuySell, the Internet's largest and most active marketplace for businesses and franchises for sale, written in conjunction with Ed Pendarvis, Founder of The Business Buyers University, this guide provides a detailed overview of the business buying process.This 100-page book will teach to evaluate the purchase of a businessWhat you are actually buying when you buy a business or franchiseThe value drivers of a businessHow to find businesses for saleWhat the three main areas of focus should be onHow financing is key to buying and sellingHow to negotiate a buyer-seller friendly offerThe importance of due-diligence
Quick read, with practical guidance for buying a small business. I recently read “Mainstreet Millionaire” by Codie Sanchez, and this book fills in some of the gaps to be aware of as you go through the process.
While there are a number of ratings, including some puzzling one and two star ones, there are no reviews, so I guess I'll have to be the first to sing the praises of this relatively short but intensely useful guide that Ed Pendarvis has penned.
There are starting to finally be a number of books on buying and selling businesses in the marketplace, but there are still far fewer than there should be.
Ed's book is focused on Main Street/Middle Market transactions, and probably tilted a bit towards those who are looking at lifestyle businesses, but the principles he enunciates are helpful at every level of transaction.
He discusses value drivers of a business, financing, due diligence, and how much income a business owner can reasonably be expected to make.
One particular idea of his that I really love is that the purpose of a business is to make a living for the owner and if it's not doing that, it's probably not a business.
I haven't read a book that has to do eith buying small busineses before this one. I was curious to know more and the author makes it easy. This is a good start to know what to look for in a small business if you're I terested in buying one. The book can be read in a couple of hours so it is easy to get through.