Podcast

Why You Need Due Diligence When Buying A Business

Episode 84

Business-Made-Easy-Podcast-700x700

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

Join other business owners in our Free Facebook Community all sharing their trials, ideas and wins in business. It's a fantastic community of driven and supportive entrepreneurs.

FRUSTRATED WITH WORDPRESS?

I WAS TOO.

I'll be honest with you the thought of going into Word Press used to frighten me.

Not only did I find it confusing and difficult to understand, but the time it would take to get things how I wanted,  coupled with the thought of breaking something was all too much.

I discovered Elementor, which is essentially a drag and drop page builder for Word Press and it's been a game changer for me.

It's how I have built this site and in fact this very post you are reading now.

  • It's simple to install and works on any Word Press Theme
  • Simple Drag & Drop interface to save tonnes of time.
  • Easy to set up templates
  • Simple to learn and Quick Start Tutorial.
  • No Coding or complexity
  • Mobile friendly and easy to format
  • Inexpensive and cost effective
  • Fast proactive back up and support Item
  • 100's of pre-formatted landing page templates included

Elementor is simple to install and operate. It's a simple Word Press plug-in that you can have up and running and start creating and building your site in no time.

I have found the Elementor Support Community to be the best value because you get access to all their professionally designed themes as well so you can really hit the ground running.

Full Episode Transcript

CHEAT SHEET!

12-Ways-To-Simple-Cashflow-189x300

Cashflow is critical to success in business. You can have the best business idea ever, but if you can’t generate cash and pay the bills you won’t survive.

Grab my 12 simple ways to boost your cashflow cheatsheet!

Get Notified

When We Realese

NEW EPISODES

About Your Host