Buyer Summary

PublicDomainPictures (2012). Pixabay. Jumping, people, jump, moving, happy, young, joy, fun. Retrieved from http://pixabay.com/en/jumping-people-jump-moving-happy-15316/. License: CCO Public Domain/ FAQ

PublicDomainPictures (2012). Pixabay. Jumping, people, jump, moving, happy, young, joy, fun. Retrieved from http://pixabay.com/en/jumping-people-jump-moving-happy-15316/. License: CCO Public Domain/ FAQ

You have now reached the conclusion of the Buyer section. You may have jumped over material on the first time through. Consider going back to the beginning and reading through the material again, looking for key passages that may be important in your decision to become an entrepreneur.

At this point, you should be comfortable with the basic steps to confirm you want to buy an existing business. You have checked with your family and they support your decision. A comprehensive review of your finances and a discussion with your banker initially indicates a suitable purchase is probable. You may have a target business in mind and have considered worker and customer availability. You have studied various business plan examples to see how they are assembled and have an idea of your ideal business deal. You have experience in your chosen business area that will help with the transition. Your review of the Buyer section is complete and you are almost ready to take the next step.

Keep in mind that the present owner is likely as nervous about selling as you are about buying! By taking your time, asking serious questions and being honest about your situation, you are giving the best chance for a satisfactory transition to becoming an entrepreneur.

Remember to review the buyers case study to get a better understanding of the processes of business succession.
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