Learning Objectives

  1. Compare the advantages and disadvantages of buying an existing business.
  2. Propose ways of locating a suitable business for sale.
  3. Explain how to measure the condition of a business and determine why it might be offered for sale.
  4. Differentiate between tangible and intangible assets, and assess the value of each.
  5. Calculate the price to pay for a business.
  6. Discuss factors that are important when finalizing the purchase of a business.
  7. Describe what makes a family business different from other types of businesses.