You might not be the right type of person to start a business from scratch, so maybe you should buy an ecommerce business instead.
The amount of time, energy, money and sacrifice it takes to build a business from the ground up can be exhausting (we know first hand), so why not skip all of that and buy an ecommerce business that is already established?
We never really considered the benefits of buying an already established ecommerce business, but after talking with David Newell of FE International we’ve been convinced that buying an ecommerce business might actually be a better option than starting one.
In this episode, David will cover the 4 main reasons why you should buy an ecommerce business including a few reasons we never thought about that now have us consider it.
He’ll also cover the 6 areas you need to focus your due diligence process on so that you can make sure you’re not getting hosed when negotiating with the seller.
Oh, and if you’re thinking about selling this would be a great episode to listen to so that you know exactly how a buyer is thinking and the steps they’re going to take (with the help of their broker) to make sure your business is legit and worth the investment.
Key Takeaways from the Show
- The 4 reasons why you should buy an ecommerce business instead of starting one from scratch.
- How to know if you’re the type of person who should be buying
- The 6 key tenets to robust due diligence when buying an ecommerce business
- The biggest mistakes most first-time buyers make and how to avoid them
- How to find financing when you want to buy an ecommerce business
Links / Resources
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