 Are you looking for a business for sale? A
business opportunity?
Or are you trying to
sell your own
business?
Please also visit our pages with Investment
Opportunities!
Why use IdeaCon instead of the usual business broker?
At
IdeaCon I can offer you this, which you will never find at a business broker:
1- My
ideas are genuine and have no competition in Thailand, this ensures your
success! Why buy an existing business that already has a lot of competitors? IF
you buy an existing business, make sure they have something that their
competitors don’t have!
2-
Using IdeaCon you will get a personal and engaged service - simply because we
care! This is not just a question about money and profit...IdeaCon is more
like a hobby to me...and I enjoy every single day at my office. So why bother
with a business broker who really don't care about anything else than his
profit? If you're using one of the big brokers in Bangkok then you will never
get this personalized service and touch, simply because they are only brokers
and work on a commission basis...no sales, no salary! They know the basic stuff
as a business broker…and they can register a company for you, take care of your
work permit, visa and accounting. BUT…they still lack the personal touch…..they
lack ideas and new thinking …they just keep thinking the old-fashioned way and
focus at the businesses they have for sale…the usual ones like bars and
restaurant etc. Nothing new there!
3-
IdeaCon is constant! I will always be here for you and your needs. I don't
assign your case to someone else. I simply take care of all my clients in
person. If you use one of the big brokers in Bangkok then you can be sure that a
week or a month later, a new broker takes over your case, because in general the
brokers employed by the big firms they go in and out of the company like it was
a swing door. Those big firms just lack constancy. I know what I am talking
about, because I earlier used them myself when I was new in this game. And it is
never nice to hear that the broker who took care of your case is replaced by
someone who doesn’t know you or your case well enough to give the necessary
background info to potential buyers of your biz…..
4-
You’re welcome to use someone in Bangkok registering your company, apply for the
work permit and 1 year visa….and then you can work with me regarding the ideas
for your future business….I do hope before the end of this year that I have a
branch in Bangkok, who can take care of my clients there…but so far we only have
an office in Sichon….and within 2 months we open another office in Krabi or Koh
Samui…we’re just investigating the options….
The Right
Business for You!
If you're going to do one thing right during the
buying process make certain that you buy the right business for you! For
most people, this is the biggest concern when it comes to buying a business.
After all, only you can determine what business is right for you!
Don't be alarmed, most people have no clue. At the initial stages of the
process, the amount of businesses for sale can be daunting; the choice enormous.
If you find yourself unable to focus on a particular type of business or if you
really have no clue what you want, but you do know that you want to buy a
business then sometimes you have to work in reverse.
Start out by noting all of the businesses that you don't want. If for example
you're not interested in a restaurant, gas station or retail store, you can
probably eliminate 50% of all listings. Next, note the level of capital that you
have a available as your cash investment. Then, write down, in order of
priority, what the business must have in place (i.e. less than x number of
employees, in business for 3 years, no weekends, high margins, exclusive
products and or territory, etc). Check off these conditions against every
business you consider.
Next, get a true grip on your skills. Don't pretend to be something that
you're not. The rule here is that whatever it is that you do best (sales,
marketing, operations, etc), must be the single most important driving factor of
any business you consider purchasing. With business ownership, one of the main
goals is for you to control your own destiny. Don't put yourself in a position
where if one employee leaves, you're in big trouble. Your skills must be the
fuel that drives the engine.
The right business for you is one that will thrive from your strengths and
not suffer from your weaknesses. Take a long, hard look at yourself. Picture
yourself in the business. Of paramount importance is that you must perceive
yourself as enjoying the business. If you can't, then there's just no way that
you can be successful. The business that you choose has to be one that you'll be
proud to own.
Another key factor is to avoid falling in love with the product; rather, you
must fall in love with the profit and the lifestyle that it can deliver to you.
Many buyers begin to dream about all of the exciting things about the business
and they become delusional about what can realistically be achieved. The product
that the business sells, or the service that it offers, unless offensive in
nature, is meaningless in the overall scheme. If the business does not produce
the income you need, or provide you with a satisfactory return on your
investment, then rest assured, you will learn to detest the product quickly.
Likewise, a bland, boring product line can become very attractive if the
business is growing and you're enjoying the work.
During the search phase, it's easy to become discouraged by the vast amount
of available businesses. Don't get overwhelmed. Approach this methodically. If
necessary, rule out the ones that you know that you don't want. Search through
listings paying attention to asking price versus profits. Understand that
listings do not always portray the whole picture. Send inquiries to the listed
contact. Arrange meetings with sellers. Prepare the questions you need to ask.
You cannot by a business from a listing. Visit businesses. With each meeting
you'll get closer to knowing what is and isn't right for you. Above all, get
into the game. Once you own the right business, you'll never look back!
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