Episode 215: Purchasing a Business with Karl Maier
Update: 2024-12-27
Description
Lots of people dream of owning their own business. They have that entrepreneurial itch that needs to be scratched. But most start-up businesses fail because they are hard to get started and grow.
But what if you were to buy an already thriving business? How would that work? To answer those questions I spoke with CFO and business advisor Karl Maier. He has some great tips and ideas on how to be successful in buying a business.
- How to start discussions with a potential business seller
- What a letter of intent is and how it works
- What critical information you should get from the seller about the business
- What terms you should negotiate
- Ways to get the money for the purchase
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