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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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Use this sample of the cover letter to get better prepared with a loan application. Applying for a business loan? Here you will find a sample cover letter for your loan application. This template can be customized to meet your business's needs.
When you write your press-release, be sure to include a reason for reporters to attend. Whether you are holding a grand opening or adding a new product, be sure to alert the press by sending a press release. See our samples of press-releases.
When an employee leaves your business, protect yourself by having an ex-employee sign a non-compete agreement. When an employee leaves your business, protect yourself by having an ex-employee sign a non-compete agreement. Find a sample non-compete agreement here.
The production plan states the total amount of output that the manufacturing department is responsible to produce for each period. Learn about production planning, production planning strategies, production planning methods, and how to write a production plan.
Download the balance sheet template to record your assets and liabilities. A balance sheet is a financial "snapshot" of your business at a given date in time. Create a balance sheet for you company, using this balance sheet template.

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