When you are looking to get into business, it can be a bit daunting. There is a lot to know. You should carefully research your options. Here you will find some tips to simplify the process from buyer to owner.

1. Clean up your credit. if you have people investing with you, even friends or family, you will need them to do the same. Curb new purchases, and close unused credit lines.

2. Get credit reports. This is often overlooked and can quickly become awkward. There is no reason to sweat about the unknown when you can get reports for free. Make sure to examine all items for accuracy.

3. Save your money. You will need cold hard cash for a lot of things to make a success of it. You will need the cost of realty professionals, auditors, down payments, and closing costs. Not to mention any commercial equipment needed to get your business going.

4. Shop around for lenders. You need to be aware that not all lenders are on equal ground. Decide whether you will be investing through a corporation, or if it will be handled in a traditional banking style. There are benefits to each.

5. Know what you can afford. Take into account all of your expenses, and those of any partners you may have. You will need to generate enough to cover those expenses as well as that of a new loan.

6. Get pre-approved. getting approved ahead of time differs from being pre-qualified. Qualification happens before approval. Neither is a guarantee of any money, but they will show you what your range of spending will potentially be.

7. Browse potential properties. Find the ones that suit your business needs. make sure they have enough space and the right equipment hook-up areas. Consider the savings included with any that have existing equipment.

8. Find the one you want. Not only should you consider cost, but you should consider the amount of time you will spend there. It should have all of the available amenities you will need.

9. Consider the cost of upgrades. When buying a commercial property, you will likely need some kind of modification done to it. even if the expense is merely cosmetic, it should be considered.

10. Secure the loan. Since you were pre-approved, it should not be hard to get the process moving. You will want to be ready with the funds in the form of a loan, and the savings you have on hand.

11. Make an offer. You often will need to negotiate with owners to get the price you want. You do not need to jump on the first price offered. Negotiations can go on for a while. Reasonable owners will know a good deal when they get it.

Now that you have the information you need, you can proceed to get underway. It can seem difficult but with the information you got here, it will not be. Use it to turn yourself from the buyer to the owner you really want to be.

Written by 

Ivan Madrigal #exitosoivan #ticomagnate ..is a costarican, meaning that I live in Costa Rica. Graduated as an industrial engineer and later worked for my father businesses before having the great opportunity to have a small internship in England, at the company Vinten Broadcast that manufactures equipment for the broadcasting industry. After that I decided to learn another language and tried French. However the unstable labor market here forced me to try other career paths like sales and marketing, which I now self-study or implement. Also developed more experience in Customer Service at several Call centers like at IBM Business Transformation, working as Payroll manager for a company that downsized me, named Dana Corporation... later at Fujitsu, where its big account BellSouth, moved to other country.. and finally Hewlett Packard within their biggest account: Pfizer. Because I didn't want to miss my experience at UK dealing with broadcasting, I studied this career at INA which graduates high level technicians for Central America. Nevertheless, I am trying to make multinational companies recognize my degrees, and get in a position were I can be more productive and creative. But the truth, the best way to show my potential is by owning my business and create presence by networking with people. That´s why I am here, because I need to move on, leave my country for many years, and challenge my skills using new languages that I can learn gradually. There seems to be many obstacles for me to achieve this, but I will deal with this using time management and other tools. I wonder, when will be the time when I recover completly from my motorcycle accident and win the trial, before walking normally with a cane and finally dance... dance with the wolves. The wolves that are in MySpace and Facebook, for example, where I am profiled.