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Thursday 22 November

Thursday, 22 November 2012 | By Oliver Milman
Figures out this week suggest that budding business owners may be increasingly buying, rather than starting, in the coming years.

A record number of businesses are for currently for sale, potentially offering buyers a headstart on those starting from scratch.

But what steps should you take before you purchase someone else’s venture? Today, we outline the five things you need to do to get prepared.

There are also some interesting figures on how our tech start-up scene compares to the rest of the world and mentor Colin Benjamin has some tips on how to form a company board.

Finally, are you a Future Maker? We are compiling our annual list of the best young entrepreneurs in Australia. If you want to put your name, or someone else's, forward, click here.