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Written
by the partners of The Vant Group:
Alexander Vantarakis and William Whitehurst
Cost $24.95
The
motivation for an individual to buy a business can come from many
directions. Often buyers claim that they are tired of the rat race
of corporate America. Many have said that they are leery of buyouts
and mergers that are prevalent in their industry, citing colleagues
that have become displaced due to corporate restructuring following
these transactions. We have heard repeated comments of executives
that have mentioned that they were tired of making money for the man
and not getting their fair share. Some corporate workers mentioned
that the motivation to buy their own business is primarily based on
controlling their own destiny, but the end result is the same; to
become a business owner. For a first-time buyer, the acquisition
process can be intimidating and overwhelming. Complicating the
process is the unfamiliarity of the business transfer process.
As in any other aspect of the business
environment, the factors of supply and demand are prevalent in the
business transfer environment. In addition to corporate executives,
other companies and former business owners are often searching for
quality business acquisitions. At the time of writing this book,
there are an over abundance of buyers looking for businesses
compared to the supply of viable, profitable, attractive companies
to purchase. Some buyers search a short amount of time to find the
opportunity of their dreams, while others take years wandering from
deal to deal. Like any other form of business activity, the better
prepared you are, the better positioned you will be to make quick,
informed decisions and ultimately attain your goal while minimizing
the risks associated with the process.
This book is designed to be a synoptic
excursion into the buying process to acquaint the reader with the
major steps involved and, just as important, what to watch out for.
The book is written for buyers or buying groups focusing on
businesses with annual sales up to $25,000,000. It will be up to the
reader to formulate their own acquisition style. It is our premise
that a familiarization with the process, terms, and major players
can shorten the time necessary to become successful in the
acquisition process.
This book is written in the first
person speaking directly to you as a potential buyer. The masculine
gender is used for the sake of simplicity of writing style, though
we are thoroughly aware that there are thousands of successful
businesswomen - buyers or sellers. Essentially, it is written as a
quick reference guide for individuals contemplating the purchase of
a business. We have written it free of in-depth financial analysis
and industry or legal jargon. It is designed as a general guide of
business transfer to enable a buyer to obtain a basic understanding
of the process and to avoid the most common mistakes.
The book is divided into the major
phases of business transfer. The greatest benefit can be derived by
treating it simply as a reference guide to be read before you
consider buying a business and then again throughout the business
transfer process. After reading this book you should be able to ask
informed questions of all the players involved. This book identifies
the documents needed, the key players involved and the major
pitfalls to avoid regarding a business transfer.
Our text is intended to be somewhat
reflective. We suggest throughout thce book that a buyer consider
all of the factors of going into business for himself before acting.
As former business owners ourselves, we highly recommend business
ownership, but only to those that are really ready to "take the
plunge". It is our sincere hope that this book will provide the
first time business buyer a basic overview of both the buying
process and what will be required in the beginning stages of
ownership.
In summary, we have written this book
based on our transaction experience, as well as our observations of
transactions we have seen in the industry. We have learned the pros
and cons and have applied them to this book. It is specifically
designed to target small businesses. For a more detailed analysis
and explanation of the process, you should contact a local business
transfer intermediary.
Call or email to order a
copy: info@thevantgroup.com
or (972) 458-8989.
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