Success Topic Five from our business guide will introduce you to a concept that has been made more recognizable by various TV programs built around “Flipping” real estate. Simply put; “Flipping” consists of buying a business, (usually in a less than desirable condition), making it more attractive to a buyer, and selling at a profit in as short a time as possible. This requires a decent amount of planning and strategy on the business owner’s side. Success Topic Five will cover the following:
A- Steps to Buying a Business
1- Find – This segment shows you how to find available businesses and how to plan for what’s to come
2- Analyze – A step by step process that shows you how to make a good decision and create a strategy
3- Negotiation & Acquisition – What you have to know and how to proceed in your strategy and planning
a- Can you operate the business to greater profitability?
b- Can you liquidate the assets as quickly as possible for a profit?
B- Enhancing the Business – Preparing it for Sale
1- Analyze & Inventory your First Impression Positives
2- List and Address Each Facet of the Business
a- A Step by Step Listing & Analysis of Pros & Cons of Present Operation
C- Selling the Business and Tangible Assets
1- Building a Money Machine
2- Marketing the Business & Proving the Value
3- The Ben Franklin Close
D- Viewing the Business through an Investor’s Eyes
This Success Topic puts you in the Investor’s shoes and schools you on how he views Risk and Rewards when he is contemplating an investment.