The corporate America is ever-changing. More and more people are disappointed with their jobs , the extra work being forced on them (due to the recession) and the lack of appreciation of their efforts and hard work .
The alternative is to buy a an existing business . A mature , fruitful business. Because buying a business is faster, cheaper , safer and easier to finance than starting one. In addition, executives learn the management and leadership skills crucial while in the corporate world and can put them into practice for their own benefit.
Here are 10 reasons why people want to purchase a business.
Control your life and business—be the one in charge . Make the decisions you want to make and benefit from them .
Independence—break free from the rules and regulations and have some more flexibility in your life . Want to leave early? Want to see your kid’s game or recital? What about going on a vacation when you want , not when it fits in with others on the grid? Successful business owners have all of this and more.
Benefit from your smarts —you work hard, you work smart and the company owners get the benefit whether they be shareholders in a public company or an individual business owner . It’s time to work hard and reap your own benefits .
Income—control your income so when you have a good month or year you can increase your salary and/or bonus. Leverage others like you’ve been leveraged and profit from it.
Net worth—business ownership isn’t just about income. You can grow your net worth by buying a business, putting a nominal amount down on it, paying off the debt with the profits and even if you don’t grow it your net worth has multiplied. Expand the business and it increases even more.
Be the boss—it’s nice to to have others do the work for you , especially when you make the right decisions (which you know you can do).
Pre-tax expenses—pay for things with pre-tax not after-tax dollars. On things you would have anyway like a cell phone, some travel, cars, etc. They are all legal and a nice perk for being an owner .
Creativity—put your creativity to work. Whether it be on the design side, customer solutions, merchandising magic or with customer service you can put your footprint on it.
Emotional contentment—relax; you know what you’re doing. It isn’t easy owning a business but nothing in life is ever easy.
FUN—often overlooked by buyers but the number one reason to buy and own a business. Wake up each and every morning with a smile on your face because it’s your business and you are getting all the benefits described above.