The goal in the first meeting is to get to know the seller and the business while in the second meeting you should ask more detailed questions to understand the business inside out with that in mind we have listed below the questions you should ask the seller in the first meeting. Question my wife and i are meeting next week with the seller and his broker of a business we are interested in and were trying to prepare a list of questions to ask. To demonstrate how business owners that find long term success ask different questions ive made a list of 5 common questions then ive provided an alternative question and guidelines for wrestling with the answers. Used mostly by the person directing a participatory business meeting this question should be directed at those in the business meeting who are paying attention but havent provided much input those that are quiet in the meeting may need a push to provide some input. Part of getting this information is knowing what to look for and what questions to ask when buying a business for both the seller as well as yourself there are five main steps that you should go through before buying a business and weve included the right questions to ask at each step along the way
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