Buy Your Own Business with Other People's Money

You don't have to be rich to buy your own business!Millions of Americans dream of owning their own business. But starting a new business from scratch means a big investment and accepting a lot of risk. Often, it makes more sense to buy an existing business than to build one from the ground up. In fact, with flexible financing options and a willing seller, you can buy an established business with little or none of your own cash-and start living your entrepreneurial dream today.Buy Your Own Business with Other People's Money presents a wealth of creative financing possibilities for would-be entrepreneurs just like you. It helps cut through the confusion and gives you the real deal on how much a business is really worth, how much cash you'll need to buy it, and where to find that cash. You'll even learn how to use seller financing, so that sellers actually lend you the money to buy their business! This complete guide to buying a business also covers: The pros and cons of owning your own business Picking the right kind of business for you Determining fair value for a business and its assets Borrowing from banks, other institutions, and relatives Negotiating the best price with the seller Deciding on a proprietorship, partnership, LLC, or corporation Working with one or more partners Plus: Information on business plans, SBA loan programs, and official formsYou don't have to be a millionaire to leave the nine-to-five life behind. Owning your own business might seem like a dream-but you can make it a reality with the unbeatable advice you'll find in Buy Your Own Business with Other People's Money.Cooke, Robert A. is the author of 'Buy Your Own Business with Other People's Money', published 2005 under ISBN 9780471694984 and ISBN 0471694983.