Tag Archives: what to do after buying a business

Buying a business: you purchased the business, now what?

Staff meeting

Staff’s success is your success

You have just purchased a business. Your first goals are to:

  • learn as much as you can from the previous owner,
  • build positive relationships with suppliers and clients,understand the current  systems and processes that drive the business,
  • get acquainted with staff and consultants—their individual needs, strengths and preferences.

Fulfilling these takes time and effort, but only then can you set your objectives and plans for turning the business into what you want it to be. Continue reading