Unit: 3.01- part 1 Ways to acquire a business 1. Take over family business 2. Buy an existing business 3. Start your own business CMagno

Unit 3.01: “Acquiring a Business” Taking over a family business: Do you have the ability to work for a member of your family? Do you get along with members of your family who will be involved with the business? Do you share the same goals for the business? Can you leave the business problems at work when you go home?  CMagno

“Acquiring a Business” Buying an existing business: May be less risky as already established. Good alternative if you do not have a great deal of business experience. Will you keep the current name and location of business or change?  CMagno

“Acquiring a Business” Starting a business of your own: Do you have the motivation and persistence to start from “ground up”? Do you have sufficient knowledge of basic operations to undertake the business in which Are you interested? Do you have enough financial resources to start from “ground up?”  CMagno

Brainstorming… Each groups (2) should decide the “acquiring business “…. Which business will be yours?!? Choose it , and then add pros and cons … 10 minutes Save this paper and date it When is ready , please attach to your sketchbook CMagno

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