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Buying an existing business can offer advantages over internal expansion. You already know where the pitfalls and opportunities lie. You can potentially "add on" a business without having to undergo an extensive learning process and can make improvements based on your own operations. But there's much you'll want to consider before deciding if buying an existing business is right for you. 

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Take this training to learn how to finance your business, how to determine how much money you need and how to choose among small business funding sources. Take this training to learn how to finance your business, how to determine how much money you need and how to choose among small business funding sources.
Use these business plan examples to help kickstart your own business plan. Creating a business plan will help you visualize and better organize your business. Use these three sample business plans as your starting point.
Follow our suggested checklist to complete all must-do's before opening your business. Follow our suggested checklist to complete all must-do's before opening your business and marketing it to your customers.
Effective competitive analysis is a key to your business's success. A competitive analysis allows you to identify your competitors and evaluate their respective strengths and weaknesses. Learn more about competitive analysis.
Review the basic concepts of financial statements - those of the  balance sheet and the income statement - in this article. Review the basic concepts of financial statements, such as the balance sheet and the income statement, also known as the profit and loss statement.

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