Buying an established business can give you customers, systems and revenue from day one. But how do you know whether the asking price reflects what you’ll actually earn?

On The Prosperity Project, Nadine talks to The Comic Accountant Sam Harith about the checks to make before buying a business. They discuss financial statements, debt, cash flow, the difference between buying assets and shares, and the risks of taking over a franchise or a business whose customers are loyal to its current owner.

They also ask the question every prospective buyer should consider: are you buying a business, or buying yourself a job?

Buying an established business can give you customers, systems and revenue from day one. But how do you know whether the asking price reflects what you&rsquo;ll actually earn?
On The Prosperity Project, Nadine talks to The Comic Accountant Sam Harith about the checks to make before buying a business. They discuss financial statements, debt, cash flow, the difference between buying assets and shares, and the risks of taking over a franchise or a business whose customers are loyal to its current owner.
They also ask the question every prospective buyer should consider: are you buying a business, or buying yourself a job?

The Prosperity Project is a weekly personal finance podcast from the NZ Herald. Join host Nadine Higgins every Monday as she talks to experts from New Zealand and around the world about the biggest money issues to help you become more prosperous.  

Follow The Prosperity Project on iHeartRadio or wherever you get your podcasts. To get in touch with the podcast, email nadine.higgins@nzme.co.nz 

The Prosperity Project is a weekly personal finance podcast from the NZ Herald. Join host Nadine Higgins every Monday as she talks to experts from New Zealand and around the world about the biggest money issues to help you become more prosperous.&nbsp;&nbsp;
Follow The Prosperity Project on iHeartRadio or wherever you get your podcasts. To get in touch with the podcast, email <a href="mailto:nadine.higgins@nzme.co.nz">nadine.higgins@nzme.co.nz</a>&nbsp;