What makes people decide to go into business for themselves?

Researchers are often looking into this topic.  However, it turns out that most surveys reveal similar answers.  The following list details what buyers typically are seeking.  (This list is 1-4 with the most important elements listed first.) 1. I want to do my own thing and control my own destiny 2. I no longer want to work for a boss 3. I have skills and abilities I'd like to take advantage of 4. I'm interested in making more money *As you can see above, making money is not the top reason that people want to run their own business! … [Read more...]

Should I buy a business or start one from scratch?

One main reason that buyers often purchase businesses is due to the fact that they have track records.  Most business failures take place in the start-up phase.  When a business is preexisting it shows that there is a need for its products and/or services.  Further, there will be viable financial records to prove that fact. Another advantage to buyers is that sellers will often stay and train the new owner.  When a buyer can find someone who will train them and also offer financing terms, it can be tremendously attractive. … [Read more...]

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