Don’t build, buy

Learn how to buy a small business and grow

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:

1. Determine if this path is right
2. Raise capital for the acquisition
3. Find and evaluate the right prospects
4. Avoid the pitfalls that could derail search
5. Understand why a “dull” business might be the best investment
6. Negotiate a potential deal with the seller
7. Avoid deals that fall through at the last minute

Read more:

• When is the right time to buy a business Link
• How to boost your team’s productivity Link