Why Buying a Business is Your Best Bet
- Author Jessica Fialkovich
- Published February 17, 2019
- Word count 489
To own a business is to fulfill the American Dream. It brings to mind the ideas of success, financial freedom, and the sense that you’ve made it. These are all moving ideas that still hold true today, many years beyond the initial emergence of the American Dream. Fortunately, for the modern entrepreneur the path to business ownership is even more accessible than ever. Financing options are a plenty, small business is valued across American culture, and the business for sale market is booming with viable small businesses for purchase.
When dreaming of owning a business, most entrepreneurs don’t begin with the concept of buying a business - usually their vision involves a startup business. But as a visionary professional it is important to weigh your options to business ownership to ensure a path paved with success.
How unique is your business idea? If you are one of the lucky few to develop a highly unique business concept, than kudos to you for your savvy innovation. But most small businesses are based on similar business models, that have withstood the test of time. This means that it’s very likely you can buy a business and mold it into your dream business with a few tweaks here and there.
What is your level of risk aversion? Starting a business is risky business, pardon the pun. 50% of small businesses fail within the first 5 years of operation. That is a statistic to take under serious consideration. Buying a business is much less risky, because the business already has a proven concept, customer base, revenue, and cash flow. If you’re ready to take control of your financial future through business ownership, but don’t want to risk the high level of failure associated with a startup business, buying a business may be for you.
Can buying a business provide me with much needed assets? Business owners who choose to grow through acquisition are very familiar with this gem of wisdom, but buying a business for its assets can be utilized as a new entrepreneur as well. Buying a business can offer a business owner access to a location that would be otherwise unavailable, or trained employees, inventory & FF&E, and even a previously built out space to get ahead of the curve.
What is it about business ownership that draws you in? If your draw to business ownership is because you are type A and want to control every last detail of your business, then the startup business may be for you. But if you are more drawn to running the business operations, managing employees, talking with customers, or improving operations, then buying a business will offer this opportunity to you.
Above are just a few of the considerations when thinking about becoming a business owner. If buying a business is the path to business ownership you want to take, we invite you to visit our website for more information.
Jessica Fialkovich is an M&A expert, & award-winning business owner whose mission is to help business owners build the value of their businesses and exit successfully. Over the past 5 years, Jessica has overseen $60 million in transactions. Currently, she’s the President of Transworld Business Advisors - Rocky Mountain, Colorado’s top business brokerage firm.
Join our newsletter for more content!
(https://transworldbusinessadvisors-denver.activehosted.com/f/1513)
Article source: https://articlebiz.comRate article
Article comments
There are no posted comments.
Related articles
- Fintechzoom IBM Stock: Powerful!
- Building a Professional Website on a Budget: Using Free Tools like WordPress and AI
- Navigating Vietnam's Tourist Immigration: Challenges and Solutions
- Bitcoin FintechZoom
- Google SEO Updates 2024 Jackyan
- Cost-Effective Gardening: Tips for Enhancing Your Garden on a Budget
- Steve Wozniak: WOZ
- Keeping Your Garage Door Running Smoothly: A Guide to Drum Replacement with GarageDoorMagnolia
- When Your Garage Door Goes Rogue: Off-Track Repair in Tacoma and Seattle
- Same Day Service? Kiki Garage Door Repairs Your Garage Door Fast in Sammamish, WA
- Cost-Effective Strategies for Business Owners in 2024: Maintaining Efficiency Without Reducing Staff
- Navigating Compliance for Personal and Professional Contributions
- Smart Savings: The Benefits of Buying Out of Season
- Youtube To MP3 Converter -- Free
- The Benefits of Outdoor Training
- A Fashionable, Artistic, and Modern Adventure: Three Days in Paris
- Why buy stock footage on mediaCastpro? Here are the benefits.
- GoPDF An Online PDF Editor Releases Mobiles Apps Compatible with iOS & Android: A Faster Solution for PDF Editing
- The Best AI Logo Generators in 2024
- How to prepare for a house clearance, a few tips from experts
- Adapting to Rising Parcel Rates in 2024 with Business Central and Order Ship Express
- Not All LED Lights Are Created Equal
- Zoviz Launches New Solutions Day by Day to Users as An AI Logo Maker
- Campervan Maintenance: All You Need to Know
- Fighting the Silent Epidemic: Safeguard Your Child's Future with Vitamin D Screening at KinderCure | Dr. Garima Mengi
- 5 Inspiring Stories of Women Who Achieved Gorgeous Lashes with Careprost Eye Drops
- Is Your Finance Strategy Ready for ERP Software?
- A Beginner's Guide to Starting a Career in Web3
- The Vital Role Of The Courier Industry: Connecting People, Businesses, And Communities
- Learning From Successes And Setbacks: The Importance Of Post-Bid Analysis In Professional Bid Writing