Evaluation should include considering the pros and cons of business acquisition options and examining existing businesses for proven productivity and profitability.
Process/Skill Questions:
- What are some methods for evaluating business acquisition options?
- How might acquiring an existing business be more appealing than starting a new business, and vice versa?
- Why is purchasing an established franchise a popular and less risky option for new business owners?
- What type of business would you be interested in acquiring?
- Why is it important to research the current business owner's reasons for selling?
- How can a business measure success?
- What is mezzanine debt?