Home > Buying a Business, Entrepreneur Magazine, Entrepreneurs, Uncategorized > Small Business Buying – How to Buy a Small Business – Esquire Magazine Article

Small Business Buying – How to Buy a Small Business – Esquire Magazine Article

February 18, 2011 Leave a comment Go to comments

Esquire magazine is one of my favorite publications.  I picked up my first copy during law school.  I read every issue cover-to-cover, and I think my subscription is paid through 2016.

Esquire always has great fashion advice, outstanding feature articles, and hilarious interviews.  If you’ve never read a full issue, I recommend you pick one up immediately.  Or just check out the articles they have online.  Or if you’re really fancy, they have an iPad app.  I still prefer my magazines to be made of paper, though.

I was surprised, this month, to see an article about small businesses in Esquire.  I usually turn to Entrepreneur magazine and Inc. magazine to read about issues relevant to small businesses.  However, the article in Esquire is written in a completely different tone that most articles that you’d find in a business magazine, and, while it may contain some offensive language, it is completely relevant, and completely accurate.  You can find the article here: Small Business Buying – How to Buy a Small Business – Esquire.

In the article, the author, Ken Kurson (who writes investing articles for Esquire), explains that entrepreneurs should escape from the idea of “starting” a business, and consider “growing” an existing businesses.  Ken argues that because small businesses have been hit hardest by the economic downturn, they can be purchased at a discount, and possibly with owner-financing.  Ken suggests finding a business to which you can add value, and going after it.

He has some hilarious advice on due diligence, and, for me, he perfectly summarizes what entrepreneurs do: they find a situation that needs improvement, and they improve it.  If you’ve got the entrepreneurial itch, I suggest you take a look at the article.

Of course, avoid the headaches down the road, and hire a lawyer.

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  1. Pat
    February 24, 2011 at 5:37 pm

    Love it. “Be a total dick. Ask for verifiable records,”

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