Monday, March 28, 2011

Thinking about buying a small business

I would love to own my own business.  Be my own boss.  But starting a business from scratch has been difficult for me.  Trying to figure out what kind of business will do well, creating a business plan, diving into it without much of a safety net.

So I got thinking maybe buying an existing business would work.  The biggest problem with this idea is coming up with the funding.  I've found a couple of businesses that look good but the price tag is over $500,000. 

So I thought perhaps the seller would finance the deal.  Sadly the broker shot me down.  The broker was quite rude which surprised me.

So I'm back to looking for another opportunity.

2 comments:

Santha narayanan said...

I am really surprised learning from your experience. why dont we speak more about starting a business in a small scale around $100

Surfin' Sid said...

Starting a business with low startup costs is definitely something I'm looking at. One idea I have is for a mobile phone app.