Thu, 15 October 2015
You might not be the right type of person to start an ecommerce business from scratch, so maybe you should buy an ecommerce business instead.
The amount of time, energy, money and sacrifice it takes to build a business from the ground up can be exhausting (we know first hand), so why not skip all of that and buy an ecommerce business that is already established?
To be honest, we never really considered the benefits of buying an already established business, but after talking with David Newell of FE International we've been convinced that buying an ecommerce business might actually be a better option than starting from scratch.
In this episode, David will cover the 4 main reasons why you should buy an ecommerce business, including a few reasons we never thought about and now have us considering it. He'll also cover the 6 areas you need to focus your due diligence process on so that you can make sure you're not getting hosed when negotiating with the seller.
Oh, and if you're thinking about selling this would be a great episode to listen to so that you know exactly how a buyer is thinking and the steps they're going to take (with the help of their broker) to make sure you business is legit and worth the investment.
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