Can’t Find A Job? Buy A Biz!
Having a tough time finding a job?
Unfortunately that’s not surprising news due to the fact that this current recession has already to near double digit unemployment rates in some regions.
One viable alternative that has always been available to workers who either want to leave the restrictions of the corporate world, or can‘t find a job in their industry because of tough economic times is to “buy a job”.
How do you do that?
By either finding and purchasing an existing small business, or starting a franchise.
Business Brokerage Industry statistics indicate that your odds of success increase dramatically when you buy an established business as compared to launching a start up.
This is particularly true in challenging economic times, and if the target business has been established for over 5 years and has a proven track record that can be validated via a thorough due diligence process.
Your basic goals should be to find a business that you will enjoy working in and growing, compliments some of your existing skill sets, and will also provide enough net income for you to make a comfortable living.
Continue Reading: “Can’t Find A Job? Buy A Business!”
Photo by KmountMan.
Jaclyn on March 3rd, 2009 10:17 am
I can see where you would have better success buying an existing business versus starting a brand new one. when starting a brand new business most of your figures if not all of them are purely just estimates, because you haven’t run it yet so you really don’t know how well it will do or not do. but buying an existing business would already have a proven track record from the previous owners.
cassy on March 3rd, 2009 9:47 pm
Its really good idea because if you are planning to have your own business its nice to hear that you are chosing to buy the stablished business that will suet to you and for you, you will enjoy it. Other then creating the business that you are not sure to get the gain.
maurisland on March 4th, 2009 4:14 am
Very good idea!! but should buy a business that will work… and who the hell will sell a profitable business!!!
Just tell me where to find that
Cassy on March 4th, 2009 5:14 am
buying an established business is i think a nice idea, with it you will know how well the business run…and you do not have to start from the top of raising such business all you need to do is just to continue what it has begun.
Jennifer on April 12th, 2009 12:19 pm
Yeah… you have no money, no job, and most franchises require a six figure commitment/buy-in that doesn’t even include start-up costs. Are you serious?
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