Don’t build, buy
Learn how to buy a small business and grow
Published in
1 min readJan 27, 2020
Founding your own startup is risky, as only one in ten startups succeed. Small businesses are resilient to failures.
Harvard Business Review’s guide to ‘Buying a Small Business’ lays down an alternative. As per the guide small company offers financial rewards — as well as personal and professional fulfillment. Leading a firm means you can be your own boss, put your executive skills to work, fashion a company environment that meets your own needs, and profit directly from your success.
In the book Harvard Business School professors Richard Ruback and Royce Yudkoff help:
- Determine if this path is right
- Raise capital for the acquisition
- Find and evaluate the right prospects
- Avoid the pitfalls that could derail search
- Understand why a “dull” business might be the best investment
- Negotiate a potential deal with the seller
- Avoid deals that fall through at the last minute
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