One of the first mistakes buyers often make is neglecting thorough due diligence. Due diligence involves a comprehensive examination of the business’s financial health, legal standing, and operational practices. Skipping this step can lead to unexpected liabilities or undisclosed issues that could severely impact the business’s value and your investment. Always scrutinize financial statements, review tax records, and check for any outstanding legal matters before proceeding with a purchase. Another common error is overestimating the value of the business based on superficial metrics. To get more info visit here