Wednesday, May 7, 2008

Exploring Personal Contacts

Once a prospective buyer has gone through this list of potentially knowledgeable community members, it is often a good idea to delve even deeper. In thinking about who may have helpful information or knowledge to share, it is useful to consider any and all acquaintances, friends, or family who may have first-hand knowledge of buying a business. Additionally, anyone who is well-versed in the area in which a potential business owner is interested in buying a company may be a good contact. Finally, asking a friend who has a large number of contacts may save time in the long run.

Anyone and everyone might just have something to offer during this period of searching. Oftentimes the most valuable information comes from the most unexpected people, so exploring contacts can be priceless.