CSC - Buying a Business?

You might want to think again and again. But while you are thinking, think the right thoughts. Campbell Schock can not only help with both the analysis of a prospective acquisition's financials but also assist you in analyzing other parts of the business.

For instance: How sound is the market served? Is it a growing market or are you coming in at the end of a growth cycle? These factors not only affect price but also impact your ability to grow the business. Finding out the real motivation for the sale is important as well.

Feeling rushed? Getting pressure from the company asking you to make a decision? Tell them you are interested in paying somewhere between $1 and $50M but since you need time to review documents, what about signing a simple letter of intent. We can connect you with an attorney to draw up that document and then take the time to really perform due diligence on the realities and accuracies of buying the business and at what price.

This "time out" will also give you some needed space to get prepared mentally and emotionally to run the business. Your family will be involved whether they are willing or not and this is a serious consideration to take into mind.

It is also a good time to truly imagine yourself running the business. Is it a business you can be proud to own? Can you see yourself spending many waking hours thinking about it? If not, you might want to think again and again.

Call Campbell Schock, we can help. You are not alone.

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