Buying a business in Panama City | Part 3
By Jennifer Mackay, Your Bay County Florida Realtor 850.774.6582
(Counts Real Estate Group, Inc.)
In this last installment of this series, I'll focus on a few issues often overlooked when buying an existing business. The full article, which was previously published in Invest Magazine and can be read in its entirety here: So you want to buy a businessStaff Considerations As the potential new owner, try to meet any and all key employees prior to the purchase.Knowing whether they intend to stay, or if there will be major personality clashes will give you additional insight on your start up issues. Making Changes When opting to go ahead with a business purchase, new owners begin planning and making significant changes to the business.After all, it’s their business now and they can do as they want, right? Not necssarily!This can be perhaps one of the biggest disasterous decisions they co...