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Buying a business: Introduction

Small Business BasicsWant to have a business of your own but hate watching grass grow? Consider buying a company that is already up and running.

The '90s offered a decade of downsizing and the maturing of the nation's largest age group, the baby boomers. Both circumstances helped escalate the popularity of "instant business ownership."

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If you are buying an existing business and do it right, you will be in full swing as soon as the deal is signed. And buying a well-known franchise nearly guarantees good traffic as soon as the doors open. Even a lesser-known franchise can take some of the guesswork and worry out of flying solo for the first time.

U.S. Small Business Administration
American Express Small Business Exchange
The Small Business Handbook, by Irving Burstiner
Buying & Selling a Business, by Mark T. Lauer
Principals of Accounting, second edition, Walgenback, Dittrick and Hanson


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