Buying The Right Business
What is the right business for you? Your answer will depend on several factors, some of which will revolve around your needs and lifestyle. You need to conduct a thorough (and honest) self-evaluation and determine whether you: (a) are physically, financially, and emotionally suited to the business (there is big difference in the day-to-day operation of a hamburger stand and a professional services business) and (b) do you have the necessary skills, experience, and commitment to make the business a success (do you know anything about running a manufacturing plant?).
To read "The Fundamentals of Buying a Business in South Dakota - Part 2" - click here.