The other day I had a meeting with a client who owns and operates primary health care clinics. He’s a small player in a vast industry but he must be doing something right. This is his second time around. He started and sold his first company which also owned and operated primary care clinics. After […]
Entrepreneurship
Why Choose a Franchise Over a Startup?
After a few set-backs in my pursuit to buy a business, which I documented on this site, I’ve relaunched the effort. But the question I am posing now is whether to include franchise businesses in my search. In the past, I’ve been hesitant to buy a franchise. My thinking is that either you’ll be paying a high premium […]
Is Innovation Only For the Big Guys?
I was thinking the other day about innovation. The topic gets used often in the media especially when discussing technology companies. Innovation is often presented as an esoteric idea. People can’t necessarily define it, but they know it when they see it. But if that’s really the case, and you want to increase your innovation, […]
Making Money With An Online Business
In a prior post, I discussed the challenges in buying a business that I’ve encountered. But despite these setbacks, the feedback that I received from that post is encouraging. Many readers, including those who have gone through this process themselves have commented that finding the right business to buy takes time. But as this process is […]
Buying a Business Requires Life Changes
I am wavering in my decision to buy a business. Maybe it’s the realization that owning a “main street” business will require major life changes or maybe it’s the concern over spending the money to buy a business in an industry that I don’t know well. Or maybe it’s that I haven’t yet found anything […]
What Problem Is Motivating the Sale?
As I continue on my quest to buy a small business, I keep thinking back on my time in corporate mergers and acquisitions. One of the most important things I learned during that time was to connect with the seller to understand what is motivating the sale. Back then, I was buying small businesses (mostly […]