Buy Your Own Business with Other People's Money - by Robert A Cooke (Paperback)

Book Synopsis

Most entrepreneurs interested in buying a business naturally assume they need large amounts of cash to work a deal. In fact, there are other ways to fund an entrepreneurial venture, particularly through seller financing. This simple, straightforward guide covers every possible source of financing available for wannabe business owners, how to deal with sellers, and how to use asset financing, selling equity, and asset protection. Buy Your Own Business with Other People's Money shows that you don't have to be rich to buy a business; you just need to be creative in financing your new business. For everyone who dreams of owning a business one day, this book has the answers.

From the Back Cover

You don't have to be rich to buy your own business!

Millions of Americans dream of owning their own business. But starting a new business from scratch means a big investment and accepting a lot of risk. Often, it makes more sense to buy an existing business than to build one from the ground up. In fact, with flexible financing options and a willing seller, you can buy an established business with little or none of your own cash--and start living your entrepreneurial dream today.

Buy Your Own Business with Other People's Money presents a wealth of creative financing possibilities for would-be entrepreneurs just like you. It helps cut through the confusion and gives you the real deal on how much a business is really worth, how much cash you'll need to buy it, and where to find that cash. You'll even learn how to use seller financing, so that sellers actually lend you the money to buy their business! This complete guide to buying a business also covers:

• The pros and cons of owning your own business
• Picking the right kind of business for you
• Determining fair value for a business and its assets
• Borrowing from banks, other institutions, and relatives
• Negotiating the best price with the seller
• Deciding on a proprietorship, partnership, LLC, or corporation
• Working with one or more partners
• Plus: Information on business plans, SBA loan programs, and official forms

You don't have to be a millionaire to leave the nine-to-five life behind. Owning your own business might seem like a dream--but you can make it a reality with the unbeatable advice you'll find in Buy Your Own Business with Other People's Money.

About the Author

ROBERT A. COOKE, CPA, has been the owner or co-owner of three successful small businesses. He is the author of six books, including Doing Business Tax-Free and How to Start Your Own 'S' Corporation, both from Wiley.