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As the prospective business buyer, you must carefully analyze the existing business plan and be certain that it includes accurate and realistic information.
The plan must have been followed by the current owner to be current and valid, and should reflect your idea of how the business should be run in the future.
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Work at the business for a period of time to be sure that the business is right for you and to familiarize yourself with the customers and operations.
Use this firsthand experience to back up and verify operations and income claims in the business plan and financial statements.
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