Statistics show that more than 90% of people who want to buy a business never do. Buying a business is a long, frustrating process, and you really need to want to be your own boss to make it all the way through the process. We’re here to help you make it to your end goal. We recommend the following steps to ensure optimal results:

Step 1: Know yourself – what do you want to do? What are your strengths and weaknesses? Make a decision to proceed.

Step 2: Based on step 1, determine the type(s) of business you would like to buy & manage.

Step 3: Do general business research on various types of businesses; refine your conclusions to step 2, if necessary. Attend one of our business buying seminars.

Step 4: Determine your financial capabilities. Depending on the type of business, you will need anywhere from 25% to 50% down payment.

Step 5: Contact Beal Consultants to help you research businesses available for sale in your local area.

Step 6: Sign confidentiality agreement(s) and get more information.

Step 7: Have qualified professionals evaluate this information and help you narrow the business selection down to a handful.

Step 8: Meet the business owner(s) and clarify further information to help you make your final decision.

Step 9: Make an offer based on an expert business valuation and subject to due diligence.

Step 10: Final agreement on price & terms.

Step 11: Approval of due diligence items.

Step 12: Close the deal!

Being in business for yourself can be a daunting prospect. There are no guarantees. At some point, after all of your investigation is completed, you will still have to make that "leap of faith" that is necessary to proceed with the purchase of the business. You will have to work hard, perhaps even "tighten your belt" a little and perform many different jobs to be successful in your own business.

But, if running your own show, making your own decisions, not having to worry about job security (remember, no one can fire you from your own business), and just being on your own are important - then owning a business is for you. After taking this leap of faith, almost all business owners will tell you that they would never go back to being an employee.

Contact Beal Consultants for a free initial consultation on any or all of the above steps.

For more detailed information, attend our next "How to Buy a Business" seminar. View upcoming seminars.