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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.

 

 


13601 Preston Road
Suite 313W
Dallas, TX 75240
phone (972) 458-8989
fax (972) 458-7342

E-mail  info@thevantgroup.com 

 

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