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Originally published on BizBuySell
This handy infographic illustrates, step-by-step, how to buy an existing business and be your own boss. But it doesn’t stop there! Next, turn it into a valuable asset, attract buyers and sell it for a healthy price. Done right, buying a business is a journey to financial independence.
According to the BizBuySell Insight Report, businesses continue to change hands at a steady pace. Retiring Baby Boomers are fueling the market with an ongoing supply of strong performing businesses. At the same time, demand remains strong, with more qualified buyers and better financing options.
To get started in your journey of buying or selling a business visit the BizBuySell Learning Center or download our free Guide to Buying a Small Business or Guide to Selling Your Small Business.
Bob House leads CoStar’s business for sale marketplace websites: BizBuySell.com, BizQuest.com, and FindaFranchise.com. Bob regularly writes about small business transaction trends and best practices, including case studies on the real people that have successfully navigated the purchase or sale of their own business. Previously, he served as Director of Product Management for AllBusiness.com, a small business resource website acquired by Dun & Bradstreet. Bob received a BS in Electrical Engineering and Computer Science from the University of California Berkeley and an MBA from the UCLA Anderson School of Management. He also has experience in digital marketing and product management leadership roles for early-stage software and online community companies.
Funded in part through a Cooperative Agreement with the U.S. Small Business Administration and a Grant with the Governor’s Office of Business and Economic Development. All opinions, conclusions, and/or recommendations expressed herein are those of the author(s) and do not necessarily reflect the views of the SBA or the Governor’s Office of Business and Economic Development. Reasonable accommodations for persons with disabilities will be made if requested at least two weeks in advance. Contact the California SBDC closest to you.