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Articles by Richard K Parker

• Live Virtually: How to Buy an Internet Business
  You have to love the online business model, as it is surely ideal. You can set up a business with little or no inventory, no receivables and just a few employees. Every element of the operation can be outsourced - even customer support, and you don't even need any technical expertise to get started.
  Published 11Sep2009, viewed 348 times

• Make Your Gas Station into a Spinning Money Machine
  You have a thirst for information when you are in the process of buying a gas station or a convenience store and have plenty of questions to ask. You want to be sure that when you take ownership, the business is turning a profit from day one. Don't just settle for that scenario however - here are six strategies to turn your new purchase into a money machine, fast.
  Published 09Sep2009, viewed 143 times

• Your Gas Station or Convenience Store can Compete with the Big Boys!
  When you buy a gas station or convenience store, don't just settle down and expect to blend in to the business landscape and get clients just because "you are there". Don't rely on the status quo and expect customers to come and go on a daily basis. You need to employ some aggressive marketing techniques to help you compete and defeat all your competitors, even the supposedly dominant oil company owned stations.
  Published 07Sep2009, viewed 105 times

• Location, Location, Location - Don't Hide your Gas Station
  In real estate we are told that location is everything. You need to know the most profitable location for your gas station or convenience store. Is it right next to a major highway, close to a mall or elsewhere?
  Published 05Sep2009, viewed 94 times

• Your Gas Station Should be a Crime Free Zone
  If you came across an advertisement for a gas station that promoted a high-traffic location next to a major interstate, with easy "on and off", making strong profits throughout its 24 hour daily schedule, you would probably think that this is a great business to purchase. Unfortunately, it is also a good prospect for a crook. Just imagine - he or she could pull off the interstate in the middle of the night, rob the gas station and disappear.
  Published 02Sep2009, viewed 155 times

• Bargain Shopper: How to Buy a Store in a Mall
  A shopping mall typically represents a good concentration of shoppers within a productive environment. As such the thought of buying a store in a mall can be very enticing. By the law of averages, a certain number of all those shoppers are bound to come into your store, right? Before you go ahead and consider your options it is good to weigh some important considerations.
  Published 30Aug2009, viewed 128 times

• Consider These Tips when Buying a Restaurant
  The restaurant business can be very volatile and this will often be reflected in the number of restaurants available for sale at any one time. As the failure rate can be so staggering you need to get to the bottom of the reasons behind the sale and conclude whether you will be successful as the new owner.
  Published 28Aug2009, viewed 102 times

• Drink Up! - How to Buy a Liquor Store
  A liquor store is one of the more common sights within a retail landscape and they are often a valued component of your neighborhood strip mall. Most believe that a liquor store represents a solid business and is less prone to recession. Note that there are quite a lot of factors to take into consideration when buying a liquor store and you must bear in mind that in most cases this is not a good "hands-off" business.
  Published 26Aug2009, viewed 288 times

• Why Buy An Existing Business Versus A Start Up
  There are many advantages to buying a business that already exists rather than looking to own a business that you start from scratch. Here is a look at some things to consider when debating whether to buy a business over a start-up enterprise.
  Published 15Aug2009, viewed 165 times

• When Buying a Business, Choose Your Attorney and Accountant With Critical Care.
  Buying a business can be one of the most important decisions you'll ever make. Choosing the right advisors to help you make a buying decision can be equally as challenging. Some people have suggested that selecting the right attorney and accountant can be as consequential as choosing the right bride! When you buy a business, don't take shortcuts and make sure that you have the right team of professionals on your side.
  Published 13Aug2009, viewed 95 times

• What You Should Do After Buying A Business
  So you have completed your due diligence, talked to all your advisers and professional consultants, taken all the steps necessary to value a business, lined up your financing and taken the plunge. What should you do with your new baby to ensure that you get through the critical stage of transition and make sure that you survive and prosper?
  Published 10Aug2009, viewed 113 times

• What To Look For When Buying A Retail Business
  There are so many factors involved when buying a business it could make your head spin. This is especially true when you are negotiating to own a business in the retail sector. Make sure that you do not leave any stone unturned and give yourself the very best shot at success in this highly competitive environment.
  Published 08Aug2009, viewed 226 times

• What is the right business for you?
  You will have a long list of questions when you are looking into the possibility of buying a business. You might already think that this list of questions represents a daunting enough proposition, but extra attention at this phase will help you select the enterprise that is right for you and give you the best chance of becoming one of those relatively rare people who actually become successful business owners.
  Published 06Aug2009, viewed 86 times

• Is it a good time to buy a business?
  If you have an entrepreneurial itch or have always wanted to buy a business, is now the right time for you to act? In the current severe economic downturn, your first reaction might be negative, but note that wherever there is a threat, there is an opportunity and that many people have become very successful in times of seemingly dire economic news.
  Published 03Aug2009, viewed 198 times

• Buying An Internet Business
  While it's natural to consider the traditional brick and mortar business when considering buying a business, an Internet business should also be part of your purchase business decision. The right Internet business holds a great deal of potential without much of the costs associated with having a storefront.
  Published 01Aug2009, viewed 350 times

• Instead Of A New Franchise, Buy A Successful Resale Franchise
  When buying a business, there are many business for sale opportunities available, including buying a successful resale franchise. When you buy a business that is already profitable, you reap many advantages over buying a new franchise that has no track record in a new location.
  Published 30Jul2009, viewed 123 times

• Why It May Be A Great Time To Buy A Business
  Despite a slumping economy, low sales, high unemployment and a banking crisis, this actually might be a good time to consider buying a business. The reason is quite simple: it's a buyer's market, which means the environment is ideal to own a business.
  Published 18Jul2009, viewed 110 times

• The One Thing You Need To Know When Buying A Business
  The one thing, in one word, that you need to know when buying a business is PREPARATION. That eleven letter word is so powerful because it is what separates a successful buyer of a business from the rest. It is preparation that allows business buyers to hop on good opportunities when they come around. They know a good thing when they see it because they follow well defined preparation steps.
  Published 16Jul2009, viewed 152 times

• Due Diligence When Buying A Business
  Just what is due diligence and why is due diligence when buying a business so important? Due diligence is actually the most crucial part of any buying transaction. It is the period when you will have complete access to all company files and records as a final step to analyze the business and uncover any potential problems.
  Published 13Jul2009, viewed 228 times

• How To Value A Business
  If you're looking to buy a business, it's important to know its value so you can determine a fair purchase price. Keep in mind that the buy business asking price set by the seller is probably far from what the business is actually worth. That's why it's necessary for you to conduct a business valuation to determine its true value.
  Published 12Jul2009, viewed 228 times

• Should a Convenience Store Be Part of the Gas Station You're Buying?
  Several decades ago, a gas station was a gas station, and a convenience store was a convenience store. If someone had predicted back then that these two very different businesses would join in holy matrimony and become a fixture on America's highways and byways, I wouldn't have believed them.
  Published 06Jul2009, viewed 394 times

• Franchise or Independent: Five Critical Questions to Ask Before You Buy a Gas Station
  If you're thinking of buying a gas station, good idea! But should you buy a franchise or an independent? To make sure you're making the wisest choice, spend some time considering in-depth answers to questions like these:
  Published 05Jul2009, viewed 166 times

• Six Ways to Turn a Liquor Store into a Money Machine
  In my many years of helping people buy businesses, I have noticed something interesting about people who are selling their liquor stores. They're usually suffering from extreme burnout! If you tour a number of liquor stores that are for sale, you'll discover what I mean. This can spell opportunity just for you, a smart buyer.
  Published 29Jun2009, viewed 294 times

• Why a Liquor Store Can Be the Most Recession-Proof Business of All
  Are you looking for a business that won't be adversely affected by current economic troubles? Of course you are! So, allow me to share one piece of advice with you. Buy a liquor store. Liquor stores are extremely recession-proof, perhaps more than any other type of retail business.
  Published 28Jun2009, viewed 131 times

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