Someone I caring the good understanding about is upon the verge of shopping in to the tiny business. I know the particular exreamly good as well as am sure this will be the mess for both the commercial operation as well as their family. A integrate hundred-thousand dollars is the price to “buy in” to turn co-owner of the use business. I do not wish to see this chairman lax which most income over the mid-life predicament idea to own their own business.
What can I presumably contend or do to remonstrate them which whilst owning your own commercial operation is the mental condition which everybody has, it is not meant to be over by everyone.
Th stream owners has saved his commercial operation as well as radically “suckered” my crony in to meditative which owning as well as handling the commercial operation is the travel in the park. In addition, the owners is formulation upon timid (and relocating to an additional country) in the couple of years. Why can’t my crony see which the stream owners is only perplexing to get “top dollar” for his commercial operation afterwards leave it all upon the “new guy”.. What can I do to convince him?
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hmmmm sticky one…..You really could be saving your friend alot of frustration and financial hardships……or……you could be standing in the way of realizing his/her dreams and at worse they learn and build on their enterprising adventure. I think a 3rd party business analyst would help even if it only gets a better negotiated price for the venture its worth it to have someone check the books and future market potential. If there is alot of other people interested that is a sign…if no one else is interested in buying this business that could be a warning sign if your friend ever tries to sell it.
Somehow, you have got to make him see what you just said in your last paragraph.
If he’s got that kind of money to sink into a business venture, he needs to stop and think “Okay, what do I love to do? And can I turn what I love to do into a business for myself?”
Try to make him think of it this way.
You could check with the Better Business Bureau to
see if there are any complaints and check with your local City of Commerce to see if there has been any
complaints against the business. Then show this to your friend.
You didn’t say how you know all this information about the business. I think it would come down to who has studied the business more you or your friend.
Your friend would need to ask the owner of his business to see his past 4 years of tax records.