Multiple Choice
The first step an entrepreneur should take when buying an existing business is to ________.
A) explore financing options
B) prepare a list of potential candidates
C) analyze his or her skills, abilities, and interests in an honest self-audit
D) contact existing business owners in the area and ask if their companies are for sale
Correct Answer:
Verified
Correct Answer:
Verified
Q58: Value is what a business is actually
Q59: When acquiring a business, the buyer should
Q60: A typical letter of intent addresses terms
Q61: Communicating with employees helps smoothen the transition.
Q62: When evaluating the assets of an existing
Q64: One of the closing documents required is
Q65: A letter of intent is a firm
Q66: The most common reason for an owner
Q67: To avoid a bumpy transition, it is
Q68: The primary focus of the self-audit is