A business that comes with a paycheck
Sunday, October 30, 2011
David Deeds, director of the Morrison Center for Entrepreneurship and the Schulze Chair of Entrepreneurship at the University of St. Thomas' Opus College of Business, said acquiring an established business is a great way to become a small business owner -- but you'd better have a plan.
"You have to come into a business with a plan to make it better, make it more profitable, increase cash flow," Deeds said, because the new owner faces paying the debt taken on in the acquisition and the possibility that the company's performance may suffer during the transition.
Originally published: 10/30/2011, Star Tribune