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  21. I ought to just try
  22. Saw that it was covered
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  25. He always rolled back
  26. Get into that position
  27. Chooses to enjoy a pleasure
  28. Every pleasure is to be
  29. These matters to this principle
  30. I lie close to the earth
  31. Heaven and earth seem
  32. However a small line
  33. About the blind texts almost
  34. The coast of the Semantics
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  36. Dragged her into their agency
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Wednesday, November 13, 2019
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  1. Why Is Your Office Design Important for Branding
  2. 6 factors in taking over an existing business
  3. 5 Essential Tips For Small Business and Startups From Expert Entrepreneurs
  4. 8 Start-up Secrets for young entrepreneurs
  5. 6 Smart Money-Saving Tips For Single Women
  6. 5 Ways To Enhance Your Soft Skills
  7. The Psychology Of Saving
  8. How to Calculate Diamond Prices So You Don’t Get Ripped Off
  9. Unique Collections and the Philosophy Behind Them
  10. Master The Art of Financial Planning with These Tips
  11. How To Manage Money in Your 30s
  12. Can Investing in Banknotes Make You Money?
  13. Unnecessary Expenses – Learn How to Control Your Costs
  14. 6 Simple Saving Techniques That Will Change Your Life
  15. What Tenants Need to Know about Strata
  16. 11 Strategies for More Efficient Business Travel
  17. The impact of the office interior on employee productivity and satisfaction
  18. Legal Precautions When Starting a New Company
  19. 5 Money lessons travelling can teach you
  20. 4 Types of Financial Aid Students Can Count On
  21. I ought to just try
  22. Saw that it was covered
  23. People all the time
  24. He must have tried
  25. He always rolled back
  26. Get into that position
  27. Chooses to enjoy a pleasure
  28. Every pleasure is to be
  29. These matters to this principle
  30. I lie close to the earth
  31. Heaven and earth seem
  32. However a small line
  33. About the blind texts almost
  34. The coast of the Semantics
  35. Supplies it with the necessary
  36. Dragged her into their agency
  37. Had grass morning
  38. Where they abused her
  39. Said could convince her and
  40. Around and return to its own
  41. Replenish itself
  42. Came from it would have been
  43. How to Save on Search Engine Optimisation Services
  44. If several languages coalesce
  45. Saving to Become a Millionaire
  46. Saving Mistake: Saving Without a Purpose
  47. Saving for Serenity Reborn
  48. Using Your Budget at its Fullest
  49. Save on Banking Fees
  50. Serenity Now: Remove Stress, Free Yourself, and Relax
  51. Time, Money and So Little of Either
  52. Post Honeymoon Consumerism
  53. Reaching the Savings Goal
  54. 100 Personal Finance Posts that Can Help You Save
  55. Spending What You Save
  56. Starting to Save Again
  57. Recording Your Expenses ASAP
  58. Quick Tax 2009 Review & Prize
  59. Maximizing your Savings
  60. Keeping Track of Your Budget
  61. How to Lower Your Costs and Stay Out of Debt
  62. Saving on Banking Fees
  63. Rules to Escaping Debt: Rule 2
  64. Achieving Serenity Now
  65. Should You Own Your House or Rent It?
  66. Save Yourself Serious Money by Negotiating – Part 1
  67. Staying Out of Debt
  68. Structured Debt Settlement in Denver
  69. Apply for Personal Loans
  70. Reasons Why we Fail to Save Part 1
  71. Taking Advantage of Year End Tax Strategies Part 2
  72. To achieve this it would be necessary
  73. Stopping the Senseless Spending
  74. Saving with Ease
  75. Preparations for an Expensive Month
  76. Planning Ahead Saves You Money
  77. Creating a Financial Resolution
  78. Can Money Buy Happiness?
  79. Avoiding Unnecessary Bank Fees
  80. Adjusting your Saving Habits
  81. Sticking with your Financial Resolution
  82. Taking Advantage of Year End Tax Strategies Part 1
  83. 2011 Financial Resolution
  84. Holiday Financial Mistakes
  85. Credit Cards & Credit Scores, OH MY!
  86. 5 Ways to Save Money
  87. Reasons Why We Fail to Save Part 2
  88. Avoiding Debt in College
  89. I neglect my talents
  90. Heaven and earth seem
  91. Reaching the Saving Goal
  92. Money Saving Tips for Beginners
  93. Home Buyer Tips
  94. Grammar resulting language
  95. Stopping the Senseless Spending
  96. Her for their projects again
  97. Where it came from it
  98. Then she continued her way
  99. Using Your Budget at its Fullest
  100. Streaming Full Movie Pet Sematary (2019)
  101. Watch Movie Online The Professor and the Madman (2019)

Taking over an existing business is an interesting concept in the business world that is, at one point, considered by every single successful entrepreneur out there. Imagine a scenario where you want to start your own delivery system. Wouldn’t it be just simpler to buy a small specialized delivery agency (with all the personnel, equipment, practices and systems) than to establish this on your own? Of course, this would also cost you substantially more. Of course, this option is in no way exclusive this particular scenario and can work in virtually any combination (HR, IT or customer support department, i.e.). All in all, here are six factors that you need to consider in this situation.

Research the logistics

The first thing you have to figure out when taking over the business is the logistics of the effort as a whole. How does a transfer of ownership works? How is it affected by the ownership structure? Does it function differently if you’re buying a sole proprietorship than it would work if you were to buy an LLC? Next, you need to ask what kind of paperwork you’ll be faced with in order to see this through. The most important questions, by far, are the ones regarding the risks and benefits of taking over an existing business. What comes next is another major concern that you have to address.

Research on the target company

The next thing is the research on the target company and it’s quite important that you do this as thoroughly as possible. First, research its ups and downs over the course of their existence. Usually, it won’t be too much of research. Next, ask the question of why they’re selling. Sure, sometimes it’s the personal reasons but at other times, it’s because the company is not doing so good. Are there some skeletons in the closet that you’ll have to deal with yourself on a later date? Most importantly, think about any flaws and strengths of the company that you’re acquiring.

Figure out the financial aspect of an existing business

Before you acquire a business in question you need to do some budget. Here, you’re not just thinking about the money required to acquire the business but also things like fees and immediate subsequent investments. Sure, there are some who just acquire a business in order to get one less competitor to deal with, however, what if your intention is to further invest in the company and incorporate it within your system. For instance, in 2012 Amazon spent $775 million in order to acquire Kiva Systems but this is just the beginning of their spending on robotization.

Which assets have you acquired

When considering the acquisition, one of the most important questions to ask is which assets are you acquiring this way, as well. This ranges from the customers that the previous company had (not all of them may stay but a large chunk just might stick around). Then, there’s the inventory and equipment. Other than this, there are contacts and, the most important of all, intellectual property (IP). If the business in question has an invaluable pattern or trademark, this could be something that you can use to your advantage.

Are you a match?

Once you’re done reviewing all the objective aspects of running a business, there are a couple of abstract questions that you have to ask. For instance, are your existing company and the new one a match. Closely examine their corporate values and corporate culture and see how it aligns against yours. This is an incredibly important factor to review.

Define success

In the end, one of the hardest questions that you’ll ask is whether it was all worth it. The answer to this question depends on your previous expectations. As long as you’re thorough in your research and as long as you’re realistic, there shouldn’t be an issue in this field. Some things that you can revolve around are the break-even point, your position in the marketing and the performance of the acquired company before and after the takeover.

In conclusion

Of course, an acquisition also limits you in regards to customization and may require you to embark on a complex and costly reorganization (even rebranding) project. Still, it saves you a lot of effort when it comes to not having to build a business or a department from the ground up. Either way, even if you never do this in your entire entrepreneurial career, it’s always good to know all your options.

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Lucas is a business consultant and editor in chief at savingforserenity.com. Besides that, he has a passion for writing. Doing his research, exploring and writing are his favourite things to do. Besides that, he loves playing his guitar, hiking, and travelling.