Buying a Problematic Business

 
Ethics and Responsibility > Best Practices

Buying a Problematic Business
Gord Doucette
Hello, I am about ready to buy a business. The seller is of very low morality and in debt. I have made an offer to purchase. I then find out he will be forced out of the store in two weeks. I have withdrawn my offer. Should I honor my first offer or offer a much lower price or wait for him to be kicked out. This is a true story. Thanks, Gord 		 

 
Business Question
Thomas Shehu
Before buying any business, you have to read and study the circumstances that lead the owner of the business to sell it. You have to ask questions lik...Sign up
  

 
Business Question
Leodegardo M. Pruna, Professor, Philippines, Member
Hi Gord, I think that you better abort dealing with one in a sinking ship. While you have the good intention of helping it might turn out the other wa...Sign up
  

 
Problematic Business
Andrew Stern, Analyst, Russian Federation, Member
Thomas Shehu is right! At first you should know the more the better about the business you are buying. More information and advice you can get from th...Sign up
  

   


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