Why Buy An Existing Business
No one should rely on an employer or the government to provide
for financial well-being and a comfortable future.
It is possible for anyone to create current and future passive
income by buying existing businesses from owners who are
changing career or retiring. And there is no need to quit a day
job. However, one should be mindful of today's corporate
environment and not rely solely on linear income producing
activities (i.e., a job), unless one is an executive with a
company, in which there is a large ownership stake (wealth).
Everyone should take full responsibility for their financial
"security" because there is no one else to blame.
The easiest way to secure financial independence is to take
ownership of an existing business with a proven record of
generating profits for its owner.
If the cash needed to purchase such a business is a concern, the
reader should seriously consider researching the topic to find
ways that can help to go pass such obstacle.
Although buying a business always requires cash, that cash,
however, does not have to be yours! There is a number of
practical and easy to implement strategies that anyone can use
to finance the purchase of a business even if the necessary
capital is not at their disposal.
In addition, there are hundreds of investment firms and
individual investors with billions of dollars looking for ways
to make that money work for them. It is in fact possible (and
common) to take ownership of a business with none of the buyer's
own money. All that is needed is a solid business plan for the
business you intend to buy, and an offer that the seller has
accepted.
Assuming that the buyer is skilled in the "art" of buying
businesses (which is easy to learn), money should not be an
object. Each year, investment firms (such as Small Business
Investment Corporations or SBICs) are forced to return billions
of dollars to their investors because they are unable to find
good investment opportunities.
It is important to note that is it always better and less
time-consuming to invest your own money if possible. However, if
you do not have sufficient funds, you should not let that hold
you back.
If you're persistent, focused and dedicated to the task of
buying a small business that is operating and profitable, I can
almost guarantee that success is certain.
I'd be happy to hear your feedback.
Rudy LeCorps
rlecor@rglpublishing.com
http://rglpublishing.com