Mcmurry & Swift, a leading Washington State Business Broker serving Puget Sound and western Washington

Starting Your Own Business

ADVANTAGES:

Minimum investment, opportunity to develop your own "goodwill"

DISADVANTAGES:

Unproven idea, no management guidelines, full responsibility, takes time to develop, difficult to finance

To be successful you must:

  • Choose and research the type of business you want
  • Prepare a business and marketing plan
  • Find and lease a location
  • Purchaser basic equipment and inventory (usually with all cash, no credit)
  • Plan a heavy promotional campaign
  • Open the doors!
  • Be prepared to feed your new business with your own cash for a while
  • Generally require two years to break even and approximately twice as much money and time than most people plan

Reasons for buying a business | Starting your own business
Buying an established business | Buying a franchise  | Buyer Groups

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