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The Business Buyer Toolbox™
is an application that contains all of the tools needed to assist prospective business buyers through every step of the buying process, saving them a great deal of time but also ensuring that the right purchase is made. The application is accessed entirely online - subscribers get their own secure personal account and can investigate an unlimited number of businesses. The Toolbox interfaces with all major business for sale databases, so businesses you find online that are of interest to you can be downloaded directly into your personal account.
Click the feature titles in the diagram on the left to read about each of these amazing features.
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View Video on Buying Process Education
The Business Buyer Toolbox™ was designed around the entire business buying process. So much so, that the Buying Process outline is actually the navigation menu. Available at each step is education material that is a summary of the best-selling course, How to Buy a Good Business at a Great Price©. |
View Video on Business & Industry Questionnaires
There are hundreds of things you'll want to know about any business and The Business Buyer Toolbox™ provides you with all of the questions that you will need to find the answers. It also makes it very easy to organize all of the information that you will be gathering on businesses, and explanations are provided to you about why this information is important. Color-coded visual guides for each area provide a clear indication of what you have and haven't gathered. You can easily print worksheets for off-line access and documents can be scanned and uploaded into the application. |
View Video on Right Biz Profile™ Application
One of the most crucial steps of the entire buying process is determining what type of business matches your personal strengths, desires, and skills. The Right Biz Profile™ is a tool that will greatly assist you in this area. It scores your answers from a 101 question survey against the traits and skills that are most needed in the 4 major business areas. You'll receive a chart with recommended, moderately recommended, and not recommended areas of business for you. A detailed explanation of the reasons why you scored either well or poorly in each area accompanies your chart, as well as guidance as to what is involved in each area of business. |
View Video on Organize Tasks & Contacts
Since you'll most likely be investigating multiple businesses at one time, The Business Buyer Toolbox™ contains both Task Tracking and Contact Management functions that are directly linked to your Business Listings. A Recent Activities window also allows you to quickly access the businesses and functions you were working on last. You can also upload any important documents from your computer into The Business Buyer Toolbox™ so that all of your important information is easily accessible and located in one place. |
View Video on Download Listings
The days of keeping endless files and notebooks of information about businesses you are searching are gone. Now you can simply download listing information with the click of a button from top business-for-sale websites. All your listings of interest are then located together in your own Personal Database. |
View Video on Compare Listings
Weighing the pros and cons of multiple businesses can be a very labor intensive task, but with The Business Buyer Toolbox™, you can see businesses in columns with all of the important information of one business immediately next to all the other businesses. You can also see details from other businesses of those types that have recently sold in a Benchmark Comparison window. |
View Video on Create Legal Documents
The Business Buyer Toolbox™ will provide you with proven negotiation strategies extracted directly from How To Buy A Good Business At A Great Price© - the world's most widely used and successful strategy guide for business buyers. You'll also have access to legal documents and key clauses you must include in any deal to protect yourself. While you should always seek legal advice for any contracts, The Business Buyer Toolbox™ provides you with legal forms and resources that will allow you to save a ton in legal fees. |
View Video on Due Diligence Checklist
Every business has secrets. You must uncover all of them before you buy. Your inspection and financial due diligence begins the moment a business becomes of interest to you. Keep in mind, there's far more than just the financials to check out. You need to know everything! You can't leave any stone unturned or it will come back to haunt you down the road. The Business Buyer Toolbox™ provides you with a step-by-step plan to conduct your research so that any catastrophes or hidden problems come to the surface early on, before it's too late. |
View Video on Business Plan Application
How are you planning to finance the purchase? Every lender needs to be convinced that the business is solid and you're the right person to run it. They want to know you have a well thought out business plan, not just some vision or agenda to fulfill a lifelong dream of owning a business. Every time you enter data into The Business Buyer Toolbox™, it simultaneously builds your business plan. By the time you need to put together your business plan most of the information is already inserted into the correct section and in the standard format advised by the Small Business Administration. |
View Video on Proprietary Valuation Formulas
Within The Business Buyer Toolbox™ , you can enter financial statements received from the seller and make all necessary adjustments. These same financial values will then be used in our two proprietary valuation methods - The Diomo Business Assessment Method™ (also known as The Parker Method™)and The VIP Method™.
The Diomo Business Assessment Method™ focuses on the specific strengths, weaknesses, financial performance, customer issues, industry challenges, competitive influences and scores of other pertinent issues that can impact a business' future.
The VIP Method™, which means "Valuation is Personal", takes into consideration your available money down, financing options, and your return on investment objectives. The result is a valuation of the business as it specifically relates to you!
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