Business Bullpen with Paulson Exchange
Date and Time
Thursday Oct 24, 2019
11:00 AM - 12:00 PM PDT
October 24, 2019
11:00 am - 12:00 pm
Fees/Admission
Free ( Registration required with a suggested $10 donation )
Contact Information
Ben Andrews - Events Director
Send Email
Description
The Renton Chamber of Commerce launches a new series called Business Bullpen. This series will continue every 4th Thursday of the month for the remainder of 2019.
This month we present Paulson Exchange.
And the topic is:
How to Buy a Business
We work with investors and entrepreneurs to help discover and evaluate many great businesses available to buy and grow. Let us know your buying criteria. P|E will work with private investors or family funds to identify precise criteria for acquisitions and will scout those categories for opportunities.
Buying a business is a big decision in assessing your preferences, talents, and ability to press on with the business even in tough times. Picture the lifestyle that you can sustain. Think about what you can afford. Look into businesses roughly in the price range of 10% cash down. If you don?t have 5-10% it might be difficult to get into that business without special circumstances. Be sure to assemble a team of personalities to help as your sounding board. Include those that push the gas pedal (yes, go!) and others who will help you brake (no, stop!). If you put just one or the other on your team, you might make impulsive decision or end up with analysis paralysis.
Determine how you?ll learn to run the business and keep in mind that the employees will likely stay with the business and you can learn from them and the owner.
Pace yourself. Sometimes evaluating too many businesses at once is like sniffing too much perfume- you need to cleanse your palette, so keep your objective Selection Criteria in front of you to stay the course:
