This document outlines considerations for buying an existing business. It discusses making assessments of relative experience, the business's potential and market segment, and payment methods before purchasing. It also recommends mapping the business's ecosystem and creating winning business model options. The advantages of buying an existing business include inheriting an established location, employees, suppliers, fixed costs, inventory, and developed customer base and market. However, disadvantages can include an unprofitable business model, unsatisfactory location, obsolete equipment, outdated inventory, legal issues, and employees leaving.

1. BUYING AN EXISTING BUSINESS
Compiled by: PLAN 9

2. AGENDA OF THE LECTURE
HOW TO BUY A BUSINESS?

3. CONSIDERATIONS TO BE MADE BEFORE BUYING A
BUSINESS
RELATIVE
EXPERIENCES
POTENTIAL OF
BUSINESS
MARKET
SEGMENT
PAYMENT
METHODS
BUSINESS
LIABILTY

4. MAP YOUR TARGET’S ECO-SYSYEM
CREATING WINNING BUSINESS
MODEL OPTIONS
MAP YOUR BUSINESS MODEL
ROADMAP
VISION OPTIONS PLAN

5. ADVANTAGES
OF BUYING AN
EXISTING
BUSINESS
• SUCCESFUL EXISTING BUSINESS MANY CONTINUTE TO
BE SUCCESFUL.
• ALREADY HAVE THE BEST LOCATION.
• EMPLOYEES AND SUPPLIERS ARE ALREADY ESTABLISHED.
• FIXED COSTS (EQUIPMENTS ALREADY INSTALLED)
• INVENTORY IS ALREADY IN PLACE.
• SAVES THE TIME, ENERGY AND COST OF ESTABLISHING
A NEW VENTURE.
• CUSTOMERS AND MARKET ARE ALREADY DEVELOPED.

6. DISADVANTAGES OF
BUYING AN
EXISTING BUSINESS
• IT’S A LOSER (NEVER BEING PROFITABLE AND
WINDOW DRESSING)
• THE BUSINESS MODEL IS FAULTY
• THE LOCATION COULD BE UNSATISFACTORY
• OBSELETE EQUIPMENT
• OUTDATED INVENTORY
• BANK CORRUPT
• LEGAL ASPECTS
• EXISTING EMPLOYEES MIGHT LEAVE