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Richmond Realtor - James Wong

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Thinking of buying or selling a small business in Vancouver?

Buying or selling a small business in Vancouver

Whether the economy is good or bad, there are people who like to be a business owner and be their own boss, rather than working for someone else. There are many challenges to become successful in ones business, but the reward is great. It is more than good money that a successful business can bring. It is also the sense of achievement and satisfaction of being a successful entrepreneur.

Common small businesses

Most of the small business enterprises are involved in the service sector catering to the public in a neighborhood shopping plaza. Such businesses like restaurants, cafes, fast-food outlets, flower shops, grocery stores, dry cleaning, laundromat and many other specialty businesses. The other small business enterprises like trading and wholesale distribution operations required warehousing facilities are mainly located in industrail parks.

Other more intellectual businesses like legal services, consultancy, business support, computer software, etc are located in office buildings.

When you are buying a business, you should consider the following factors that are important to your business:

  • Why are you buying a business?
  • What are the key attributes you desired?
  • Which industries are you interested ?
  • Do you have the business experience?
  • How much income are you expecting?
  • Do you have the funds available?

If you are considering buying or selling a business, you are welcomed to contact me at 604-721-4817 or email me.

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Published Thursday, December 25, 2008 8:28 AM by James Wong

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