Do you have a business you are eyeing? Consider these tips before taking the leap

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In the course of your entrepreneurship journey, you might find an existing business on sale that appeals to you. On top of the material valuation of the enterprise such as fixings and stock, you are likely to be asked to pay a certain amount as goodwill.

But why, you might ask, would anyone want to sell their business especially if the margins are good and there’s a solid customer base? You walk into your favourite salon for your usual appointment only to find that the owner is not there to welcome you with her smile and small talk. After some time, you inquire from one of the attendants, who drops the bombshell that ‘Madam aliuza biashara!’