Buying a Business Is Profit or Loss Statement

Discussion in 'Growing and Managing a Business' started by buyingabusiness0, Jul 10, 2012.

  1. buyingabusiness0

    buyingabusiness0
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    Business is a word which is having various strings attached to it. These strings are the profit, loss, selling, buying etc. The owners or the management group peoples set the basic rules and values of the company on which every member of the company works. Business has two more aspects which help to make it better and that are selling and Buying a Business. Business can be of any form and scale. It can be large or small but every business requires some or the other skills to handle it. It can be from a small glossary shop to a large scale enterprise which are having large amount of workers.

    what did you say about this?
     
  2. jcworlditsme

    jcworlditsme
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    Running your own business certainly has it's risks, but if you do it right, then I would say it is well worth the effort.
     
  3. Fergal

    Fergal
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    There are more factors at play, when it comes to buying a business than just its Profit and Loss, e.g.;


    • The sustainability of the market it is in, e.g. a business could be very profitable today, but have limited value if it is producing a product for which there will be no demand next year.
    • Commitment, skills and know how of key staff
    • Customer goodwill towards the business
    • Strength of the brand
    • Cash flow
    • Any outstanding legal claims or judgements.

    When selling a business the sellers will generally ensure that the financial accounts of the business look as positive as possible. Sometimes you can get a more accurate picture of the business' financial health by looking at copies of its bank statements.
     
  4. jack1819

    jack1819
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    Business is never an easy task it needs smart business skills and hard work.
     
  5. Rickytaylor

    Rickytaylor
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    Buying a running business depends upon the good will of the business and through its past performance.
     
  6. Greg-first

    Greg-first
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    Business is largely dependent on the professionalism of the team. If you want open some business, at first you must create plan.
     
  7. Mark T

    Mark T
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    Well in my own view, it depends on the current status of the business you are planning to buy.

    You have to see why the business is being sold by the current owner, factors to consider and should look at, etc.
     
  8. Bharat Book

    Bharat Book
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    Every business include profit and loss.Don't consider about it.for running business,sometimes you have to take risk.and success of business depends on good business planning before starting it.and also contribution of team or employee of company is also important..
     
  9. paulhopkins

    paulhopkins
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    It depends on the financial condition and the reputation of the business. If the finances are good but the business is not having a good reputation among the people, then it would be difficult for you to gain more new customers. Also if the reputation is good but the finances are not then although you will have customers you will have a hard time making more and more money in order to establish yourself against your competitors financially.
     

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