0
There are pros and cons to this. On the pro side, if you plan to keep existing customers and would like a continuity of cash flow, then keeping existing staff would be beneficial. Some customers may stay loyal to the staff, or prefer certain people. You do not have to interrupt business to take the time to train new people in new positions. On the con side, if the business was bought because it was failing-maybe the existing staff are a factor in that. They may resent new ownership, and in the end-no one likes being told what to do by the new guy.
What else can I help you with?
benefits of buying business?
buying an running or existing business is a process of acquiring business which is on sale.
What is one of the disadvantages of buying an existing business?
its liabilities, government policies, political enviornment.
What is one of the advantages of buying an existing business?
One advantage of buying an existing business is that it may already have an established customer base, operational processes, and revenue stream in place, which could potentially lead to quicker profitability compared to starting a business from scratch.
Do you have to accept subcontractor agreements that are already in force when buying an existing business?
It all depends on what was specified in the sales contract.
Which of the advantages of buying an existing business did McEntee enjoy when she bought her grandmothers diner?
Some advantages McEntee enjoyed when buying her grandmother's diner include an established customer base, existing reputation in the community, and operational systems already in place.
How can i buy a book called buying a business?
If you go to the link I have included, you will find a book titled "The Complete Guide to Buying a Business". It should have all the information you need. http://www.amazon.com/Complete-Guide-Buying-Business/dp/1413307078
What factors should I consider when buying a small business?
You should consider the profitability and outlook of the small business, especially the industry in which it competes and the competition in your industry.
How can one buy an existing business?
To buy an existing business you must first find a business that is available to buy. Once you have found one you must look at the company's financial statement to see if it is worth buying. You must then negotiate a price and find the financing to purchase. It would be best to seek the advice of an accountant and a lawyer before purchasing any business.
Should you base buying a stock on volume?
if u do not know about volume u should not be in the stock market business
What should I consider when looking for a VCR buying guide?
When looking for a VCR buying guide, consider the features you need, the brand reputation, availability of replacement parts, and compatibility with your existing equipment.
What is the advantage to a small business of a mailing list?
For a small business a mailing list enables them to get information about new products or new services out to their existing customers quickly. It also helps them keep track of their customers and know their buying history.
What are the best brands and features to look for when buying a paint meter?
I am interested in buying a paint meter for my business. What are the best brands to consider and what features should I look for?
