Considerations When Buying an Existing Business
For people who are interested in buying online businesses, it can be hard to know when you’re finally ready to commit and make your first purchase. There is a seemingly endless number of questions to ask and decisions to make. For some, it can be hard to know when you’re prepared enough to act on your investments.
Today, we’re talking about the questions and self-assessments you should be considering as you move towards a final decision. We also talk about seeking success, and the fact that you never fully know until you jump in and try.
In this episode, you’ll hear:
What you need to keep in mind as you make this decision, including your desired end state and monetization plan
Self-assessment advice – how understanding your personality type, skills, and interests should inform your decision
The need to commit when the time is right. You never know everything, and you may never feel fully-prepared, but if you have a good team of advisors around you and have asked all the right questions, you are as ready as you’ll ever be.
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