When considering the purchase of an existing business, asking the right questions is crucial. It is here that you will find pertinent information to the current health of the business, as well as its future potential. So what should you ask?
If you are a small business owner, you are probably surrounded by more contracts than you realize. Between clients, customers, vendors, contractors, loans and purchase agreements, you have likely signed on the dotted line more than a few times. Unfortunately, you have also likely had to deal with other party not holding up their end of the bargain. So when does it reach a point where you can actually do something about it?