Lots of people dream of owning their own business. They have that entrepreneurial itch that needs to be scratched. But most start-up businesses fail because they are hard to get started and grow.
But what if you were to buy an already thriving business? How would that work? To answer those questions I spoke with CFO and business advisor Karl Maier. He has some great tips and ideas on how to be successful in buying a business.
- How to start discussions with a potential business seller
- What a letter of intent is and how it works
- What critical information you should get from the seller about the business
- What terms you should negotiate
- Ways to get the money for the purchase
Stuff You Should Know
If you've ever wanted to know about champagne, satanism, the Stonewall Uprising, chaos theory, LSD, El Nino, true crime and Rosa Parks, then look no further. Josh and Chuck have you covered.
24/7 News: The Latest
The latest news in 4 minutes updated every hour, every day.
Dateline NBC
Current and classic episodes, featuring compelling true-crime mysteries, powerful documentaries and in-depth investigations. Follow now to get the latest episodes of Dateline NBC completely free, or subscribe to Dateline Premium for ad-free listening and exclusive bonus content: DatelinePremium.com