104: Legal Lesson Deep Dive - Buying vs. Starting a Business

"This is about building a business and growing market share."
- Andrew Contiguglia
 
"Over 50 million baby boomers are going to retire, a great time to buy their company."
 - Andrew Contiguglia   

In this Don't Skip the Legal - Legal Lesson Deep Dive is where we dig deeper into some of the legal issues we identified in previous episodes. In this first Deep Dive, we get into the reasons why buying a business might be better for you than starting one from scratch.  

Podcast description

We are bringing you the "Don't Skip the Legal" podcast. A place where you can learn how to grow your business and build a better future for yourself and your business through the lessons and experience of other business owners, just like you. You know there are legal hurdles on the horizon that need to be taken care of before they grow out of control. This podcast will help you learn to make a strategic response to the constantly changing business landscape during stressful situations reassures, and empowers you with a framework to respond and take smart actions so that you can protect yourself, your customers, and your business's future.

Show Notes: 

Robert Grieve eventually buys Nylund's Collision Center, Why buying a business might be your best option [1:36] 

Benefits of Buying a business vs starting one, 9 Reasons why buying a business may be a better option [2:09]

Reason #1: Less Risk [2: 39] 

Reason # 2: Several financing options are available to purchasers [3: 37] 

Reason # 3: Buying a business gives you instant brand recognition [4:10]

Reason # 4:  Buying a business gives you built-in customers [4:49]

Reason # 5: Instant Sales [5:39]

Reason # 6: Instant profits [6:16]

Reason # 7: Instant Contacts & Connections [7:03]

Reason #8: Instant systems [7:30]

Reason # 9: Instant employees [8:20]

Read more about buying a business on our website: Contiguglia.com