Buying a Business

    A lot goes into buying a Business. This is something that I hadn't previously considered. Through my research I have learned a lot that I want to share with you. E-myth part one suggests that just because you are good at your trade or what you do doesn't necessarily mean that you will be a good business owner and operator. It suggests the strong importance of being knowledgeable in the business world in order to be successful. When selecting a business to buy there is a lot that you need to look into and consider. You not only need to look at how much they are selling it for but also how much it has made over the last few years. You need to check what the growth rate is and the market for the business. There are just a few things that you need to consider when buying a business. 

    In the Concrete Specialist Ins. case study and the Francisco's Italian Grill case study I learned a lot about the difference in business and how important it is to consider everything before making a diction. The two Case studies were very different and I learned the importance of documenting everything and looking at the end goal when making decisions. 

    The team presentation helped me to better understand the importance of working as a team with one goal in mind. As we worked on the presentation I was able to see the importance of planning our everyone's different parts in order for things to go smoothly. 

    Over all there is so much that you need to consider when creating a business. There are a lot of different ways you can go about it. A lot of factors come into play so it is important that you take them all into consideration.