Talking to Business Owners
After considering what kind of business is the most appropriate for the particular needs of a small business entrepreneur, some research is necessary to find valuable business opportunities.
For would-be small business owners, talking to people who own businesses in the relevant industry can be a significant step in the right direction. Business owners will be able to assist in pointing an entrepreneur to useful opportunities, appropriate contacts, or even websites wherein applicable business prospects are listed. Using their experienced insider industry knowledge is one of the quickest ways to locate where the best opportunities are hidden.
Talking to Suppliers
Once a prospective buyer has determined what kind of business he or she would like to buy, it is often a good idea to talk to suppliers for the business.
Suppliers are incredibly knowledgeable about the industry in which they work, and typically have the latest information on local businesses and enterprises. It is often the case that suppliers have a clear idea of which companies are considering selling, when, and why. They are invaluable repositories of information.
