IBIS World Industry Reports are available with a free State Library of Queensland membership.6.1 International Entry Modes The Five Common International-Expansion Entry Modes Fig 6.1 “5 Common International expansion entry modes” by Alyssa Giles, CC BY-NC-SA 4.0. Researching industry records will similarly help your decision-making as it will provide a complete history of how markets have performed.
Do you want to use the established systems or replace them with your own?. Would you purchase a business using your personal assets, equity in your house or superannuation?. Are you prepared to take on debt, and if so, what is your limit?. management, working directly with customers, administration)? What time would you allocate to work within the business? Are you buying the business as an investment or do you plan to be actively involved in the day-to-day running of the business?. What type of business model would you prefer and are those business types available (e.g. What type of businesses are for sale in your industry? If nothing suitable is available, would you want to start a new one?. Discuss the advantages and disadvantages you have identified with local business networks, business advisers and industry experts.Īlso consider the following during your decision-making process. Talk to your family, friends and other business owners to seek advice. 
Making the decisionĪlong with understanding the advantages and disadvantages of buying a business, consider other activities to help identify if the business is right for you. Consider if this makes the business a good investment and include the list in your business plan if you proceed.
The relevant demographics may have changed.Īssess the advantages and disadvantages of a businessĬreate your own list of advantages and disadvantages for a business that is for sale and you are considering buying. 
The market and customer preferences may be moving elsewhere, having a need for different products or services.
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