What if you want to buy a business but don’t have the
money and want to be sure you know how to manage it properly?
Maybe you need to buy it piece by piece over time
while the seller is still there.
This week I answer a question about staged buyouts, sometimes
referred to as an internal purchase or by many other names. Essentially an employee buys the company over
time, normally years.
What’s so great about this is that the company can
actually finance its own purchase if it’s set up properly.
Deals like this also help sellers manage the sale of
their business without the risk of not being able to find a buyer. This is a true succession plan for forward
thinking business owners.
But you need the right kind of business. You need a steady supply of profits and you
have to be able to manage and make decisions which ensure profits every day or
this may not work out as desired.
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