Learn How To Buy An Exisiting Business

Chris Benjamin, Instructor, MBA and CFO

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17 Videos (37m)
    • Course Introduction

      1:36
    • Instructor Introduction

      1:02
    • Key Points

      1:24
    • Advantage Less Risk

      1:28
    • Advantage Less Time and Effort

      1:41
    • Advantage Buy At A Discount

      3:09
    • Disadvantage The Environment

      1:32
    • Disadvantage Internal Problems

      1:48
    • Disadvantage Departure of Current Owner

      1:16
    • Introduction To Buying a Business

      0:55
    • Buying A Business Listed For Sale

      3:30
    • Buying A Business Not Listed For Sale

      2:18
    • Determining Value

      5:42
    • Negotation Process

      2:48
    • Price vs Value

      2:35
    • Source of Negotiation Power

      2:51
    • Course Conclusion

      1:46

About This Class

Buy a business and become an instant entrepreneur and business owner

** New for 2018**

Buying an existing business can provide an entrepreneur with an expeditious route into small business.  The processes of locating, selecting, and negotiating for the enterprise require careful preparation.  In this course, we have examined the advantages and disadvantages of buying a business and we have described various considerations affecting the price of the purchase.  At every stage in the buying process, the need for careful preparation by the buyer becomes clear. 

What we learn in this course:

  • Buying an existing business has several important advantages over starting one, including less risk, less time and effort, and the possibility of getting a bargain.  
  • Finding a business to buy should not be confined to the standard channels where businesses for sale are advertised
  • Determining the value of the business requires taking into account both the assets the company has and the earnings it is likely to achieve in the future
  • In order to negotiate effectively, the entrepreneur must gather as much information about the company and industry as possible
  • And much more!

At any point if you have a question, please feel free to ask through the course forum, I'd be happy to answer any and all questions.  

Chris Benjamin, MBA & CFO is a seasoned professional with over 20 years experience in accounting, finance, small business, business acquisitions and much more.  Having spent the first 10 years of my career in corporate settings with both large and small companies, I learned a lot about the accounting process, managing accounting departments, financial reporting, external reporting to board of directors and the Securities and Exchange Commission, and working with external auditors.  

The following 10+ years I decided to go into CFO Consulting, working with growing companies and bringing CFO level experience to companies.  I help implement proper best business practices in accounting and finance, consult on implementation of accounting systems, implementing accounting procedures, while also still fulfilling the CFO roll for many of my clients which includes financial reporting, auditing, working with investors, financial analysis and much more.  

Thank you for signing up for this course. I look forward to being your instructor for this course and many more!

Chris Benjamin, Instructor, CFO & MBA