Buy a Business or Buy a Job?

Buy a Business or Buy a Job?

Not everyone has the same goals when buying a business. In fact, many are quite happy to buy themselves a job. If we see total owner benefit (owner’s salary + discretionary earnings) of $75-100k and a workload of 40-60 hours per week, you will indeed be your own boss,...
Cautionary Tale #4: Waiting for the Next Best Offer

Cautionary Tale #4: Waiting for the Next Best Offer

Some time ago, we had a seller who had a wildly profitable business in medical equipment. He was one of the first to market, and as such had a great competitive advantage and enviable cash flow. In fact, when we first took on his business, he had several serious...