Do you need a business plan to buy an existing business
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- Buying an existing business can be a successful route to becoming your own boss;
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- If at all you have any plans of buying an existing business so that it can be your business then ensure that you know all the things that you should do and put into consideration so that you can be able to buy the right business for you;
- If it is a service-based business, act as a customer at least once;
- The executive summary will be the first document in your business plan;
- However, there are also some risks to be aware of;
- Bear in mind that most commercial mortgages are arranged via a broker and that the lender will require a thorough assessment of your business to determine the rate you are offered;
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- Completing a business financial plan is a crucial step in answering this question;
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- While a formal business plan is an important strategic tool for a new startup, there are a few steps you should take before you even think about writing it;
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