How to Buy a Business in 10 Steps

In this article, I outline the process involved in purchasing a business in a privately negotiated transaction. The full article is available here

The ten steps are:

1. Assemble a team of experienced advisers.
2. Determine the type of business to buy.
3. Find a business for sale.
4. Conduct a due diligence investigation.
5. Value the business.
6. Make an offer.
7. Negotiate definitive documentation.
8. Arrange financing.
9. Satisfy conditions to the closing.
10. Close the transaction.