Get a site

Categorized | Magazine

Start Up Mico Jr Goods

Posted on 06 November 2016

Mico Jr Goods Limited is my Company. I have always wanted to be a retailer. I started this Company in October this year. I have to say that because I have traded for such a short time it is nearly impossible to get funds from banks and financial institution. I need to trade a couple of years to get some good loans.

So far I invested 1600 GBP of my personal funds and I earned 1000 GBP about. This way I cannot keep longer I need more funds to push my income up. This way I can also buy more products and make goods sale for Christmas. I really need funds to start. Please help my shortfall.

I wish a I can raise up to 600 GBP.

Fundraising with GoGetFunding


Advantages and Disadvantages of Buying a Business and Initial Steps
By Bidyadhar Bindhani

Buying a business is considered as a safe haven by many entrepreneurs as it involves a lesser risk than starting a new business from scratch. Even though buying an existing business seems to have lesser hassles in many aspects, one should practice due diligence to ensure a successful landing.

It is true that business brokers can help you in completing business acquisition deals, but to make it in your best favor, you should make yourself fully knowledgeable about the process and also should gain a solid grip on the purchase to make it profitable.

Advantages of buying an existing Business

The major advantage of buying an existing business is avoiding the huge startup costs. It is not just all about the cost involved, but the time and effort to be invested in terms of start-up establishment is way too high when compared to acquisition of an existing business.

As the business concept, fundamental works, brand establishment, and customer base are already set, you can jumpstart with cash flow instantaneously on the basis of the receivables. You can also enjoy the benefits of having a solid and loyal client base.

Disadvantages of buying an existing business

Even though buying a business seems to be beneficial in many aspects, there are also some downsides to it. The cost of purchase of a profitable business can surely be much higher than the establishment cost of a business.

There may also be underlying problems associated with the business you purchase such as their debts, deterioration of assets, problems with receivables etc.

Starters’ right approach

Anytime when you are getting on to buying a business, there will be thousands of opportunities popping up. It is you who know it at best about which type of business you need to pursue and what your priorities are. Here is a right approach to narrow down your choices and land up on a perfect deal.

It is important to rightly identify your interests and area of expertise while getting on to buying a business. If you are totally blank about what type of business to invest, the best move is to eliminate those which don’t seem to be interesting to you to shorten the list.

Consider your expertise while you are planning to buy a business. You may not be able to run something which you are fully ignorant about. Such a filtering also will help you narrow down your considerations to the best acceptable businesses.

Do proper groundwork to come up with a set of conditions as location, timings, size of the business etc.. Only consider the business satisfactory meeting your demands. While considering a business, just drop those which don’t at least meet 80% of your conditions to end up with the best in hand.

You also need to quantify your investment before searching for opportunities for buying a business. Check out for reasons why the business is put on sale and take a decision accordingly.

Keeping all these in mind, you need to perform due diligence while planning to buy a business and if not confident on doing it on your own, consider the option of reliable business brokers to take it up on your behalf.

The Article about the advantages and disadvantages of hiring a business brokers when it comes to buying and selling of a business.

Article Source: http://EzineArticles.com/expert/Bidyadhar_Bindhani/2307302

http://EzineArticles.com/?Advantages-and-Disadvantages-of-Buying-a-Business-and-Initial-Steps&id=9533443


This post was written by:

- who has written 121 posts on Mico's Magazine.


Contact the author

Comments are closed.

Related sites