| Window shopping for businesses is a great way to learn about what's available and what is reasonable for you with your needs, experience, geography, and resources.
But, it is just the very beginning of an intelligent search and professional business acquisition.
"To Know the Road Ahead,
Ask One Coming Back."
Wise Chinese Proverb
There are many resources available from this page, but none substitute for a human expert when you believe that you are ready to buy.
Fund Your Business with YOUR Money--without Penalties
What are the Main Reasons People Buy a Business?
1. "No more Corporate Life; I want to be my own boss"
2. "Tired of making other people wealthy. I want my hard work to improve my own financial situation."
3. " I have a lifetime of skills and experience to use to really grow a business."
4. "I want the FREEDOM and FLEXIBILITY of ownership."
5. "I have not done this yet, and I always wanted to try it."
What are the Main Risks in Buying a Business?
1. Not enough money for working capital creates a problem VS a success in the early years of a business.
2. Taking on too much debt-- too much risk.
3. Choosing a business with a poor fit to one's skills and experience.
4. Naivete about the realities of small business-glamorizing or underestimating the work demands.
5. Failing to PLAN for transition, exit plan, or succession.
6. Bad Timing-- Buy when there's room for improvement. Plan to sell when the business is doing very well, and there is still room for growth.
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"Entrepreneur: the type of personality who is willing to take upon herself or himself a new venture or enterprise and accepts full responsibility for the outcome." Wikipedia
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