Podcast

Why You Need Due Diligence When Buying A Business

Episode 84

About The Show

Buying an existing operational business can be an exciting time. It can also be one of the most dangerous & risky times.
When you buy an existing business you are also buying a lot of potentials for expensive mistakes to occur.
There are many components and moving parts to an existing business such as:
Customers, Suppliers, Finances, Taxes, Landlords, Financiers, Licensing Bodies, Marketing Collateral and Plant & Equipment to name a few.

A properly conducted due diligence of the business you are buying acts as a double check and verification of what it is you are buying and that what you are buying is what you are expecting to buy for your money.

There are many cases where purchasers of businesses have skipped having proper due diligence conducted and it has led to very expensive mistakes and problems once the business is purchased.

What You'll Learn!

Why it can be a good idea to buy an existing business.
The different ways you can buy an existing business.
The risks and potential exposure you face when buying an existing business.
What is a Due Diligence
Why you need a professional Due Diligence when buying a business.
The risks of not having a proper due diligence when buying a business.

Links Mentioned

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Full Episode Transcript

CHEAT SHEET!

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About Your Host

Jason Skinner

Jason has been helping business owners to grow and maximise their profits and business performance for over 20 years. He takes the complicated out of business and will show you in a practical easy step by step approach, how you can take your business goals and dreams and turn them into reality without the stress and uncertainty. As a qualified CPA Accountant and Business Coach, he can help you with everything from reading and understanding the critical numbers in your business through to identifying and driving the critical activities that get the desired results you are seeking in your business fast. Jason started The Business Made Easy Podcast out of his passion for helping business owners to realise their dreams and make business success a reality. Each week he shares practical, actionable tips you can implement to take your business to the next level.