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Buying a Business 
When buying a business, you need to go through all of the stages of starting a new business. Although the previous owner will provide you with background information about the business, you must still take precautions.

When considering buying a business, follow these three steps:

1. Determine the size and type of business. 
2. Find available opportunities. 
3. Evaluate the opportunity.

Franchising 
Buying a franchise is another alternative to starting a new business. In a franchise, the franchisee (you) will pay to do business under the franchiser’s trademark. Starting a franchise may include marketing plans and management assistance in running the business.

The franchiser may have already dealt with some concerns, but you may have several other concerns:

1. Finding a franchise 
2. Evaluating the franchise 
3. Product and service 
4. Investment requirements 
5. Training and management assistance 
6. Operations

Whether you are starting a new business, buying a business, or opening a franchise, the three stages of structuring a business are critical. Remember to evaluate your idea, develop a plan, and implement your plan. If these stages are completed successfully, then you will have a successful business.
Greater Raleigh Chamber of Commerce
800 S. Salisbury St.
Raleigh, NC 27601
CONTACT US
Phone:  919.664.7000
Email:  [email protected]
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