Sunday, December 17, 2017

J's Business Buying Disaster- How to Buy a Business- Businesses for Sale

One of my YouTube viewers bought a business earlier this year and will soon likely be going #bankrupt.

He wrote me a couple of weeks ago:


I used to watch your videos a lot about a year ago when I was contemplating buying a business.

I should have bought your course and that is one of my biggest regret. Now I am in a big hole with [business] that I purchased.

The deal was bad for me. Now I am not making any money.

I'd like to have a phone call with you and see what my options are.


I took the time to give J. a call and discuss what happened. There were a bunch of problems with the business and the way in which he was 'shepherded' through the buying process.

Many of the people he thought were working for his interests were not. He will now have to figure out how to grow fast with no further investment or start making plans for going under.

Learn more about what happened by watching this video:

Stop missing my videos and other news. Get on my mailing list and choose what interests you.

Join the legions of small business buyers who are learning what they need to know so they can avoid a bad deal.  They’re taking my online course at Some are learning how to get ahead of brokers with my Prepare to Buy a Business: The Next Step.  Also on the same site.

Do you have a business to sell?  Visit and learn how I can help you sell.  While you’re there… download a copy of my e-book; 12 Things to do Before You Consider Selling Your Business. (No, I will not put you on an e-mail marketing list)

Thank you and I’ll see you next time.

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