Many emerging entrepreneurs have taken to buying an existing business rather than starting from the scratch. This is an excellent option and the trend is gaining more and more popularity day by day. If you are looking for buying a business in Canada say in, Ontario, Toronto or surrounding regions, there are a lot of opportunities out there, waiting for your glance.The first step would be to get a relevant list of all existing businesses available for sale. It is not very tough to find a list of ‘for sale businesses’. You can find them online in quite a few websites which offer the facility of business brokerage. However, it is a difficult task to find a business which best suits you, and which would prove to be the most profitable for you in the long run.The whole process requires patience and perseverance from your task. Apart from being tedious and time consuming, finding the right business is challenging too. The process can be time consuming, costly and frustrating. Mentioned below are some things that you should keep in mind while you are in the process of navigating through the list of businesses available for sale:• Assess your interests, and search for a business which you think you would be able to run successfully. Make a detailed analysis of your resources and see what fits in. Keep the three Cs in mind: Cash, Credibility and Capability.• You should know that after you purchase a business you will be highly dependent on the seller or the previous owner of the business. Make sure that you establish healthy relations with the seller. You will need a lot of information, contacts and resources to run the firm successfully. A friendly seller can act as a guide to you and this can be more helpful than anything else.• Evaluate the business you are planning to buy carefully. The volatility of business, chances of risk, competition environment etc. make important aspects of a business that need to be analyzed cautiously. Determine the actual worth of the business and make sure that you pay right for it.• Growth opportunities, management team, and human resources, company’s current revenues and profits are some other important points that you cannot afford to miss out on.