What do I want to know when buying a business?

When working through the process of buying a business, the transaction will go through different stages. The first active stage is obviously when the buyer and seller come together for their first meeting. However, before that happens there are many other things that need to happen before that first meeting which, if it goes well, will lead to a series of follow up meetings.

For the buyer, their first step needs to be learning and understanding the buying process. This means becoming as familiar as possible with the language of buying and selling a business as well as the jargon that’s part of the industry the business you are looking to acquire is in.