5 essential questions to ask when buying a business Is there a business that you have your eye on? Being a business owner can offer you financial freedom and a solid platform to express your business ideas and innovations. But buying a business is a huge financial commitment, and it could change the course of your life irreversibly….for better or worse. It is vital that you really get to know the ins and outs and the business that you’re looking at buying, so you get a realistic idea of what you’re in for. The more questions you ask, the better, and five absolutely essential questions include: