Business Buying Archives - Acquira

Pros & Cons Of Buying An Existing Business

The entrepreneurial urge is a powerful one. Entire tomes have been written about people who have started their own businesses and risen to the heights of success. But the simple fact is that not everyone has the time, dedication, or wherewithal to build a business from the ground up. Fortunately, there's another way. One of the more common ways to scratch the entrepreneurial itch is to acquire a company that already exists. There are actually a number of advantages to buying an existing business.

Team Acquira
First 7 days running a plumbing company

The First 7 Days At Your Newly Acquired Business

The first few days after acquiring a business can be daunting. There’s so much to do and so much to learn, it’s difficult to wrap your head around. When you first take the helm of a new company, the first week is critical. Done right, it will set you up for roaring success, but missteps can be costly. Quinn Huffman recently took the reins of Plumb-Tech, a Missoula, Montana-based plumbing and heating company. While challenges certainly existed, he knew that if the business was to succeed, he would need to get to work right away. We sat down with Quinn to discuss his first week on the job and his process. He shared his successes, failures, and some advice.

Vlad Rascanu