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.


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.