Do you Feel Confident about Buying the Business?


By Peter Arkwright


After years of working for other people you decided it is time to take the plunge you feel it is time to purchase your own business. The model you are looking at seems to be perfect, however your gut instinct tells you there is something not quiet right. Generally speaking if your instincts tell you something is wrong, then you will find most of the time there is something missing, you should heed this instinct and show caution.

Rushing a deal is never a good idea, even though like me most people are eager to get involved in something new. Saying that the last thing you really want to do is buy this business and then in a few months time say to yourself, I knew there was something not quiet right here, how often do we hear ourselves saying that?

During my life when I have been unsure what to do I generally research the subject even closer and then seek advice from people I trust. Many times in my younger days I have been about to embark on a business ventures only to pull back at the last minute because of instinct and sound advice, in retrospect the decisions I took turned out to be good ones. Generally if something seems so good to be true, it usually is.

Calculations, formulas and predictions are all well and good, however you really cannot beat your instincts, they are something that should never be suppressed by your eagerness to purchase your own business. Never make a deal in haste.


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