As I’ve mentioned in my intro, I am considering buying a business using one of the popular online marketing platforms for buying/selling businesses.
My questions are for anyone who went thru the above and actually bought a business:
- What are the risks I may face in the first months after buying the business?
- Do you regret buying it?
- If you could do it again, would you change the type of business you bought or anything else?
- How hard it was continuing with the sales/services?
- Did you multiply the profits or you did recorded some lost?
- Did you implement anything new or you stick with what the business was about already?
- Do I need to stick with buying a business based and located in my country or I can invest in a business located /operated from another country /location? And if someone has done that is it hard to manage it?
I am just looking for some insides on how things are on the other side as a business buyer and owner. Any advice is welcome, as I am total newbie in the field.