Transworld Business Advisors shares new year tips

Transworld Business Advisors has been sharing its best advice for small business buyers in 2019.

As the new year gets underway, many people are seeking a new challenge in their lives. Be it fitness, personal improvement or professional development, January is a time for lots of us to make a change. But for those looking to take the plunge and buy their own business, it can be both an exciting and daunting time. So, companies including Transworld Business Advisors have been sharing their top tips for success in 2019 to make things easier for business buyers.

Head of the business franchise, Andy Cagnetta, explained how one primary method of financing that those purchasing a business choose is now easier to access than ever before, thanks to the strong US market. He said that ‘SBA’ loans and their interest rates are currently trending in the favour of those looking to purchase a business in the US and added that qualified and experienced buyers will always be attractive prospects to lending companies. He elaborated further, saying that these kinds of loans generally have lower down payments, meaning less cash to stump up at the start of your business journey and have flexible overhead requirements, with interest rates that are currently low.

Other tips included making sure to do your homework before purchasing a business, as the incredible range of opportunities now on the market means that buyers don’t have to settle for anything less than exactly what they want. The article for INC also advised new business owners to start good habits early, including keeping an eye on important events such as elections and the health of the economy to pre-empt their next steps.

With almost 40 years of experience behind it, Transworld Business Advisors is one of the world’s leading business brokerage franchises.