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...
Warning Signs in Your Business

Warning Signs in Your Business

Many people, for better or worse, avoid going to the doctor. No news is good news or if they feel fine all must be fine. But often there will at least be some kind of warning sign to nudge you to seek help. It may not be serious or life threatening, but it’s enough to...