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Factors to Consider Before Starting A Small-Scale Business
Topic Started: 6 May 2017, 03:25 PM (43 Views)
rock
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But back to getting that loan. Here again it is really simple math. First go talk to some lenders and find out what is their criteria for the loaning money for a business. Some will want 30% or 40% or maybe 50% as a down payment towards the purchase of a business. Don't argue Lurn Insider with them just get the details. Then work your formula backwards and when you have found the business you are interested in explain to the Seller that you are a qualified Buyer and that you have the needed funds available to purchase the business with the normal amount of funds needed being 20% and that in today's marketplace that lenders are requiring 35% as a down payment and you will need the Seller to carry 15% of the purchase for a limited time. By this I mean have the 15% amortized over the same time period as the lender is requesting, but agree to refinance the 15% in a shorter term like 3 or 5 years from the date of the purchase of the business.

Some Sellers will not like this idea and will not go along with it, but a Seller who wants or needs to sell their business understands that it is much better to get the bulk of their money now and have the business sold than to just sit and wait and hope that things are going to change later and still not sell the business.Many people who are trying to build an internet marketing business or run any business, whether trying to start a business or improve on an existing business, never really give themselves the gift of "Brutal Honesty" and this is never to be underestimated it is just too important to miss. We can all learn a great deal from past experience be it in an existing marketing career, starting a web internet marketing business or just improving on last year and building a better business on the internet for 2011. People simply don't think about their internet marketing business much beyond the idea that they'd like to make more money, and let's be honest with ourselves we would all like that, but a better business requires an improved business plan constantly evolving and focusing on strengths and weaknesses, this enables analysis of what is working and what we may be wasting our time on.
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