I'm looking at a few different business opportunities and the asking price is well within reach but my question is this, does anybody have a formula they've used for reserves? I know that just buying the business is only part of what is needed but how do you determine the amount of reserves one should have to feel comfortable? Thanks.

sound like you need to work in those buznits you want to buy.

I use a Bt5m answer for people coming over for the first time in business. If they have Bt5m, allocate 0.5m for living funds to cover 6 months and research the market then spend a maximum of 3.5m on a business keeping a minimum of 1.0m in the bank. This would be for cash businesses where a return on investment comes from or near day 1 of trading. Other businesses would need far more in terms of reserves.

Here's an easy way to double your money: fold it in half. My advice was provided free of charge, and it's worth every baht you paid for it.

I'm looking at a few different business opportunities and the asking price is well within reach but my question is this, does anybody have a formula they've used for reserves? I know that just buying the business is only part of what is needed but how do you determine the amount of reserves one should have to feel comfortable? Thanks.

I take it the business is profitable to begin with ?, so you would be buying , either Goodwill, fitouts, machinary or numerous other items ,that puts you behind the 8 Ball allready , you really got to work the downside before any upside ,

including say no profits for 6 months , can you live ?

have to sell business in a fire sale , can you afford the loss

Very hard to have a formula as no info on business , just work out everything very conservatily and them a bit more

for good measure