Inquesta’s Post

3 big takeaways from this article on why you should consider buying instead of starting a business: Established Momentum Buying an existing business means stepping into an operation with existing cash flow, customers, and operational systems. This reduces the initial struggle of generating income from scratch, as is common in new startups. Higher Likelihood of Success Statistics show that new businesses have a high failure rate within their first few years. An existing business with a proven track record is more likely to continue being successful, reducing the risk involved. Due Diligence and Affordability While purchasing a business requires significant capital and thorough due diligence to understand its true condition, it offers a more certain investment compared to the uncertainties of a new venture. This path allows you to apply your skills and interests in a setting that already has a foundation, which can be more viable and less risky than starting from zero. If you have questions about buying or selling business, reach out and I can help you learn more. https://lnkd.in/edaNv6Ci #buyabusiness #startabusiness #buyingabusiness #businessbuying

The Top Benefits of Buying an Existing Business Over Starting a New One

Selling a business is a major decision that requires careful planning and preparation. Our recent article talks about understanding your business’s value and preparing it for sale to choosing the right sales method and working with professionals. Learn about key steps, including negotiating the deal and planning for life after the sale, to ensure a smooth and profitable transaction. Don’t navigate this complex process alone—get informed and set yourself up for success! Link here for full article 🔗 https://lnkd.in/gVi6tfYQ #sale #sellingbusiness #startup #businesslaw

The Best & Worst States to Start a Business

The Best & Worst States to Start a Business

A few simple steps can help to cut down your business expenses. We’ll help you spot the areas where costs can be cut and use the latest tech to manage the numbers. #businessadvice #startup #entrepreneur #SmallBusiness

A few simple steps can help to cut down your business expenses. We’ll help you spot the areas where costs can be cut and use the latest tech to manage the numbers. #businessadvice #startup #entrepreneur #SmallBusiness

We’ve tackled “Can this business be valued?” in recent blogs, covering businesses with incomplete financials, startups, and non-profitable ventures. But there’s more to explore - businesses worth more closed than open: https://bit.ly/3JH0Azo #SmallBiz #valuation #appraisal

To start a new business seems very scary because it takes a lot of hard work and planning. Starting a business involves several key steps which you can follow to help start your...Read more at 🔗: https://lnkd.in/d4zJ_r2U #Flippers #buyandsellwithflippers #Investments #FlippersMarketplace #business

"Starting a business involves a lot of paperwork. https://lnkd.in/gr6JQk_i Whether it's a small dog-walking service or a high-tech spaceflight company, various business formation documents must be completed before operations can begin. "These documents are essential for legally establishing a business, outlining its purpose, ownership structure, management responsibilities, and other key details. "There are different business structures available when forming a new business, each with its own characteristics regarding liability protection, ownership structure, and tax implications. It is crucial to research and choose the structure that best suits the needs of the business. "Once you've chosen a business structure, the next step is to get an Employer Identification Number (EIN) from the IRS. This number is essential for tax purposes, hiring employees, and opening bank accounts. "Filing Articles of Organization/Incorporation is a crucial step for LLCs or corporations. These documents establish your business with the state, detailing its structure, ownership, and management. "Drafting an operating agreement is crucial for LLCs and partnerships as it covers ownership percentages, management responsibilities, profit distribution, and dispute resolution. "To open a new business, secure the necessary permits and licenses based on your location and operations. Ensure compliance with the law by acquiring the required licenses and permits through the appropriate agencies. "If you're unsure about navigating these requirements, consider using a business formation service to handle the paperwork and assist with licenses and permits. "Starting a new business can be daunting, but with the right documentation and legal compliance, you can set yourself up for success. Remember, the paperwork is just the beginning of your exciting entrepreneurial journey.