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Old 9th May 2012, 10:22 AM   #1
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Join Date: May 2010
Location: Detroit, MI
Posts: 1,281
Default Things You Must Do Wihtin 30 Days Of Buying A Business

The first 30 days after you buy a business is the most critical time in owning a new business. Done right it will take your business to new heights, but done wrong you will be paying the price for a long time.

Buying a business can be exciting as well as nerve-racking for both, veteran as well as first-time, business owners. On one hand, you are eager to implement all the new ideas you have thought about during homework done at the time of due diligence. On the other hand, you could be losing sleep from the thought of all the things that could go wrong right after you step in.

While you may be tempted to go in and start making all the improvements you have thought about, this could be a big mistake. The best thing to do in the first 30 days of owning a new business is to do nothing. Thatís right, donít take any major action! As counter-intuitive as it may sound the best action to take is to watch and learn as much as you can about the business, including customers, employees, competitors and everything else. In addition, you will want need to take the actions mentioned below to make sure the transition prepares you to do what you had planned.

Read more - http://www.smallbizviewpoints.com/20...ng-a-business/

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