Four Big Mistakes to Avoid if You’re Buying a Business
Summary
Buying a business can be fraught with pitfalls. The article highlights four critical mistakes to avoid: relying on unqualified social media experts, venturing into unstable retail or income-producing property, not fully committing to the business, and changing advisers mid-process. To succeed, ensure you have a qualified support team, choose a stable business type, commit fully, and stick with experienced advisers. Additionally, maintain a high credit score, avoid new debt, and keep tax records clean to be financially prepared for the purchase. For detailed advice, read the full article on Kiplinger.
Kiplinger
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