Buying a Business to Secure Your Financial Freedom Finding and Evaluating the Business That's Right For You

by Pendarvis, Edward

• ISBN13: 9780071450867
• ISBN10: 0071450866
• Edition: 1st
• Format: Hardcover
• Copyright: 2005-01-07
• Publisher: McGraw-Hill Education

Summary

The low-risk secret to a high-pro fit business--a perfect primer for first-time entrepreneursMore and more people are leaving their jobs and investing in small businesses--today's leading job growth opportunity. But isn't it risky? Not with Ed Pendarvis, whose business brokerage firm was rated #1 byEntrepreneurmagazine. Once investors learn how to find and evaluate the right kind of business, the risks can be reduced--and profits dramatically increased. The secret lies in valuing and purchasing an already existing small business or franchise, one with a proven track record and potential for continued success.With this simple motivational guide, even a first-time entrepreneur can learn how to: Locate a business Negotiate a price Complete a sale Protect an investment Finance the future Achieve true financial freedom

Author Biography

Edward T. Pendarvis (Mt. Pleasant, SC) is the founder, chairman, and president of Sunbelt Business Advisors, a business brokerage firm for buyers and sellers of small and medium-size businesses. Sunbelt was named the #1 business brokerage firm seven times by Entrepreneur magazine. Pendarvis has been interviewed by Bloomberg TV and CNBC.

Table of Contents

Preface	vii
1. Believing in the Value of Small Business	1	(10)
2. Some Thoughts on Going into Business for Yourself	11	(8)
3. The World of Work Since 1900: Big Business versus Small Business	19	(18)
4. My Life in Business	37	(20)
5. Finding the Right Business for You	57	(14)
6. The Real Purpose and Value of a Business	71	(16)
7. Business Brokerage Is Not Real Estate Brokerage	87	(14)
8. How Much Can I Make?	101	(6)
9. The Cash in Cash Flow	107	(10)
10. Buyers	117	(10)
11. Focus Is Crucial	127	(8)
12. Success Stories	135	(12)
13. Sellers	147	(10)
14. Valuation Methodology	157	(16)
15. Protect Yourself: A Level Playing Field	173	(8)
16. Financing, Down Payment, and Terms	181	(12)
17. The Right of Offset: The Teeth in Owner Financing	193	(8)
Epilogue: Some Words of Advice	201	(16)
The Future of Sunbelt	217	(6)
Acknowledgments	223	(2)
Index	225