You, Your Family & The Company You Might Buy

In order to assist you in choosing a business that suits your character traits and your current lifestyle I have created a very simple questionnaire. If you expect family involvement in the business then the questionnaire applies to each and every member of your family that you expect to be an integral part of and involved in the business.

Some of the questions may seem to be very obvious, patronizing or even foolish, but you would be surprised at how many people have not considered each and every item. You may find it difficult to answer yes or no to a question, but it is important that you give it your best try. It is also important that you are honest with yourself and remember that there are no right or wrong answers.

If you desire to make the best use of the questionnaire, I recommend that you and each member of your family answer the questions now (if you wait until you have identified a potential business it is much harder to answer the questions impartially and honestly).

Once you have identified a business that is a potential acquisition, compare the character traits and lifestyle that you will need and must have if you actually consummate acquiring the business against the answers to the questions that you gave initially. Then you can determine if you are willing to accept the changes to your attitudes and lifestyle that your new business will demand. If nothing else the completed questionnaire will show you the consequences towards your attitudes and lifestyle should you consummate the acquisition of the business in question.

If for instance, you initially answered,