I want to discuss this topic It consists of 800-900word4.1 Learning Outcomes:

Understand the advantages and disadvantages of buying an existing business.

Explain the four steps involved in the right way to buy a business.

Describe the five steps of the deal stage for buying a business the right way.

Understand the transition stage for buying a business the right way.

4.2 Action Required:

The following table shows the questions.

Questions

True

False

When the location of the business is critical to its success, it may be wise to purchase a business in another location.

It is important to develop a list of criteria that a potential business acquisition must meet.

An important advantage of buying an existing business is the greater likelihood that it will continue to survive and thrive in the marketplace.

A new owner of an existing business can generally introduce change and innovation almost as easily as if the company was a new business start-up.

4.3 Test your Knowledge (Question):

Answer with a tick mark or write in words which is true, and which one is false.