Home – New Forums Starting your journey Want To Start a Business Reply To: Want To Start a Business

#1116286
Alan Maddick
Member
  • Total posts: 410
Up
0
::

What I normally advise clients in this situation is set yourself a hypothetical or real budget and search for businesses for sale. Try and select your 3-5 favorite businesses from the list (dont buy them!)

Once you have a list look at the returns generated by different businesses and also look at what lifestyle they will give you (eg hours worked, role you as owner need to do) and also look at what skills maybe required (eg sales, staff management)

My clients find this process very helpful in starting to refine what they are looking to either buy or start from scratch. I use this as my first step in situations like this, there are normally lots more steps after this!! (so don’t run out and buy one of them tomorrow)