Are You Buying a Job or Buying a Business?

Many people who look into buying a business picture the stereotypical phantom dream: owning your own business, doing little work, and being an absentee owner. We call it a phantom because it does not exist. It is close to impossible to find a business that runs smooth and profitable without a healthy amount of effort from the owner.

Owning a Business

You may have a more realistic idea of owning a business and see it for what it is: a job you own, with a touch more freedom in your schedule and the ability to earn more without being capped by a boss and the pay they deem suitable for you in a corporate job. Any way you look at it, it is work. It is a job. It is what you do to earn your money so you can live the life your earning potential and the freedom of your job can provide.

When times are uncertain, more people worry about the road ahead in corporate America and look to buy a job by buying a business. Others lose their jobs and panic to find another job that will pay the same amount they were making before. Jobs paying north of 150K a year are not easy to find, and scrambling to find a replacement is harder.

It is becoming clear that buying a business is the easiest path to create the job you wish for. The only person you need to interview with in order to have your new "job" is a bank offering the SBA loan to help you buy the business. The process takes about two months from start to finish. If you lose your job, the best and least painful path is to take massive action toward finding a business to buy, instead of wasting time finding a job that will stay what it is: a job.

Income is what we are all after. The more dollars you have, the more freedom and time you have to enjoy your life. Those who say money is not important tend to be the ones who do not have any. If you are looking to be self-employed, look for two things when you buy a business:

1. High earnings (cash flow)
2. Having fun (enjoyment of your life)

If you approach buying your new job with these two factors in mind, you will be one step closer to enjoying your life more than you have up to this point in your professional career, despite the loss of your job. Freedom to choose is one of the greatest perks business owners get in their careers.

Looking to buy? Tell us what you are looking for.