IF YOU ARE ABOUT TO BUY A PRE OWNED BUSINESS AND THE RECORDS SHOW THAT IT HAS MADE MONEY WILL IN PROFIT IN FUT

the destiny

are the chances great if the commercial operation has done income in the past up to this date it will have income in the destiny as well as be the great investment?

{ 4 comments… read them below or add one }

James k October 16, 2010 at 11:46 am

depends on why its made money in the past and if the new owner can keep the same standards as the old owner….

charlotte q October 16, 2010 at 12:31 pm

TALK TO A CPA..HOW DO YOU KNOW THE RECORDS YOU ARE LOOKING AT ARE VALID?
ANYONE CAN MAKE A BUSINESS LOOK GOOD. ITS CALLED
“COOKING THE BOOKS.”

Ranx October 16, 2010 at 12:51 pm

What does it mean ‘pre-owned business’?

Don’t you mean ‘to buy a business’?

If you put the prefix ‘pre’ (which means ‘earlier; before; prior to’) before the word ‘owned’ (which means ‘having an owner’) then aren’t you asking about a business before it was owned? I don’t get it! This is like the usage of a ‘pre-lit’ Christmas tree, or pre-installed software! Where does this come from?

indyaga October 16, 2010 at 1:02 pm

Whenever you buy into a business the company’s reputation and profitability are obviously important but never assume that they are an indication of future returns on your investment. The only thing that will ensure continued profits is the dedication, effort, customer service, and sound business practices you put forth as you assume ownership of the business. One other thing to remember is this: If you are buying a business that comes with employees, take it easy when it comes to making a lot of changes. Remember…slow and steady wins the race.

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