- Don’t think of buying your own business as a way to get out of “working for the man” You will be “the man!”
- Expect that for the first few years, when you stand up from your chair, you’ll bring it with you. Pressure does that.
- Don’t think that because you’re a “SuperWorker” that you’re made to run your own business.
- Don’t think that you need to have a big wad of cash to get into a small business (although it doesn’t hurt …)
- Make a list of businesses types that you think you might like to pursue so that you’re not flying blind when you decide to take action.
- Find others further down this road than you are. Talk to them. Do research. Stop by a business like the one you’d like to purchase and talk to the owners.
- Talk to your accountant. If you don’t have one, find one. Don’t wait until you have a deal put together to find a good business accountant.
- Get your personal fiscal world in order, because that information will be needed to qualify you for a loan. Go to a bank ahead of time and find out what size loan you might qualify for.
- Find a lawyer. If you don’t have a good business lawyer, we can refer you to one. This is something that we never had nor needed before owning our own businesses.
- Consider calling The Quincy Group. We’ll provide you with an hour’s consultation free.