Summary of Preparing to Purchase a Business

Image credit: SnapwireSnaps. (2015). Pixabay. Man, work, desk, business, person, working, job, male. Retrieved from http://pixabay.com/en/man-work-desk-business-person-597178/ License: CC0 Public Domain / FAQ

Image credit: SnapwireSnaps. (2015). Pixabay. Man, work, desk, business, person, working, job, male. Retrieved from http://pixabay.com/en/man-work-desk-business-person-597178/ License: CC0 Public Domain / FAQ

In Preparing to Purchase a Business,  you explored a  large scope of material, which included:

  • Reviewing the steps you have taken to arrive at the point of wanting to be an entrepreneur
  • Identifying the growth potential of the business
  • Examining the current population for both employees and customers
  • Looking into the future supply of workers
  • Estimating the business market share and its importance
  • Reviewing the different types of ownership forms
  • Exploring existing contract and fiscal responsibilities

Take your time to review and follow the links provided in Preparing to Purchase a Business before continuing to Preparing for Ownership.

In Preparing for Ownership, you will look at shareholder agreements, business plans, labour standards, recruitment and retention, supervisory leadership skills, working with other businesses, strategic competencies, and other areas.

In the Seller section is a complementary module for the potential seller, Positioning Your Business for Sale. An astute buyer will want to know exactly what an informed seller needs to know. We recommend that you spend the time to familiarize yourself with that section as well.

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