Thinking of starting a business?
Building one from the ground up entails developing your own ideas, building a customer base, hiring employees, etc.
But you don’t have to necessarily build one from scratch.
Phitidis discussed the ins and outs of how to approach buying a business.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
You need to be clear on why you want to buy a business.— Pavlo Phitids, Aurik Business Accelerator
There’s a huge amount of risk [in buying a business].— Pavlo Phitids, Aurik Business Accelerator
What assets do you bring to the table that will benefit you in that business?— Pavlo Phitids, Aurik Business Accelerator
The business you think you’re buying is different from the one you’re actually buying.— Pavlo Phitids, Aurik Business Accelerator
You don’t buy the business. You buy the assets of the business.— Pavlo Phitids, Aurik Business Accelerator
You’ve got to make sure you capture the intellectual property.— Pavlo Phitids, Aurik Business Accelerator
Do a due diligence.— Pavlo Phitids, Aurik Business Accelerator
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