If you are thinking about buying a business, and are planning to use a business broker, then you need to read every single word of this short article. Doing so can save you not only a lot of money...but a lot of time and frustration as well.
Listen: There are over 20 different ways to find good, profitable businesses to buy besides going to a broker. Years ago we used to go to the newspaper and there was usually two newspapers, the LA Times or the San Diego paper, that had a few in them.
We’d look in the Wall Street Journal on Thursday. But what’s happened in the last 10 or 15 years is the Internet. If you go on the Internet, you’re going to find more businesses than you could ever want to buy. All you need to know from there is how to approach them and how to make sure they are good businesses, that make money and will therefore make you money.
Believe me, you don't need to mess around with a broker anymore. In fact, I have only met one broker -- in all 50+ years of buying businesses -- that I can say I even trust. Check the Internet, read the papers, talk to your attorney, CPA, investment broker -- anyone who deals with businesses. They are usually the first to know when a business is for sale and can many times even give you inside information about the owner you can use in the future.
Arthur B. Hamel has bought over 200 businesses in the past 50 years, and is a well-known author, consultant, investor, business owner, and dynamic lecturer who has shared the stage with such business greats as Robert Allen of "No Money Down" fame. For the past 20 years Art has taught thousands of people around the world -- even so-called "little guys" with no formal education or money -- how to quickly and easily buy large, multi-million dollar businesses with no credit, banks or prior business experience. He has recently decided to share his unique business-buying secrets and tactics free of charge at: http://arthurhamel.com
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