Buying a Business Q&A

Yee Trinh added an answer to this question
Yee Trinh

Yee Trinh, Cofounder at

If you think raising the funds to buy a business is extremely daunting and seems totally out of reach, you're not alone.

But the good thing is there are options available for budding business owners. The best option is to apply for a business loan, but it's important to note that this ...  Continue Reading
Hitesh Mohanlal added an answer to this question
Top voted answer
Hitesh Mohanlal

Hitesh Mohanlal, Director at WOW! Advisors & Business Accountants

Top 10%
Very good question. Generally, the first question I always ask my clients who come to me about purchasing a business is
'how much does the business rely on the person who is selling?'
If a lot (ie all the sales go through the existing owner or customers like to talk to them and them alone) then the business ...  Continue Reading
Melissa Profeta

, Community Manager at SavvySME

Great insights, Hitesh! Are these the only questions you normally ask to help the customer decide or are there factors that you'd consider first before asking these questions?

Yee Trinh

, Cofounder at

Agree. You want to be purchasing somewhat a self-sustaining engine. Systems and structure as opposed to a business that's reliant on people.

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