When it comes to buying a business, preperation is key.

​

Here are some example of ways you can prepare-

​

                        Step #1 If possible, get direct work experience in the industry you plan on buying a business in.

                        Step #2 Save up a 10% down payment for the sba 7a loan program or 50- 100% for a non sba acquisition.

                        Step #3 Keep your credit score as high as possible

                        Step #4 If you don't have a formal business education then read books about all aspects of running a 

                        buying and running a small business. 

                        Step #5 Build a resume. 

                        Step #6 Spend extra time and attention learning about the importance of due-diligence. Due diligence is                                      the responsibility of the buyer. 

​

​