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Re: Finding a Business

  •  Sat, Jan 20 2007, 9:52 PM

    Re: Finding a Business

    Hi Melissa,

    Businesses are for sale all over.  You can find a real estate agent that

    specializes in commercial properties.  You can look in your local paper,

    or look for trade magazines in your area.  The only thing is, when you

    buy someone else's business you are usually buying their problems,

    although there are some benefits to buying an established business. 

    Such as:  turnkey operation, established clientele, established suppliers,

    immediate cashflow, etc. 

    In my opinion, if you have an idea for a business, you are better off starting

    from scratch.  You can establish the business to suit your needs, without

    inheriting any bad will from a previous owner.  You can start out implementing

    systems to turn the business into a "B" business easier from the start than

    buying an existing business and changing things.  I know people who have

    done it both ways and there are pros and cons of both.  You have to figure out

    what is best for you. 

    Incidentally I will be starting a new business in the next 6-8 months.  I will be

    bootstrapping it myself.  Hope this helps.


    KC
    Ladies Financial Freedom
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