Buy Your Own Business: The Definitive Guide to Identifying and Purchasing a Business You Can Make a Success

Buying a business is the most viable and exciting alternative available for those seeking a way out of the traditional corporate world, and for those eager to become entrepreneurs. In fact, more people will go into business for themselves in the next 5 years than in the last 2 decades combined. Buy Your Own Business is a comprehensive field guide that shows how to define goals and map out sure-fire strategies for finding, and ultimately buying, a business that will work for the buyer. Mitchell B. Stern, an expert attorney practicing in the field, covers all you need to know when buying a business: assembling a team of professionals to assist in the deal; negotiations; due diligence; judging worth; creating a business plan; re-starting a business under the buyer s new leadership; and making it a success. Written in a reader-friendly manner and complete with a quiz, checklists, sample documents and sourcelists, Buy Your Own Business is sure to help all those interested in changing their lives by becoming the boss and owner. Mitchell B. Stern is an attorney practicing in New York City who is active in the acquisition, creation and representation of small and medium-sized businesses. Mr. Stern has written for such magazines as Personal Finance Magazine, Working Woman, and New York Magazine.

This comprehensive insider's guide to finding and buying a business covers the various types of businesses to purchase (retail, wholesale, franchise, service, manufacturing); negotiating price; financing; and making the business a success. Includes a United States source directory and appendices with examples of various types of agreements, a letter of intent, and checklists for franchises and commercial leases.