Should I Leave My Job & Buy A Business

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That is one tough question to answer! Looking at it objectively based off the statistics, the easy answer is no. According to a research study found here, 8 out of 10 business fail within their first 18 months. Even a child could tell you that those are just not good odds. If you have a well paying and stable job, it is an absolutely huge risk to put everything on the line in order to buy your very own business. So why do so many people do it? What benefit are they really getting from it all? Well, for some people money is not everything; it does not bring them as much happiness as certain other things can in life. Freedom is what our country was founded upon and to this day leads the list of the highest motivating factors inspiring new entrepreneurs to get started. The freedom to be your own boss, the freedom to control your own income, and the freedom to work when you want to work. There is a lot of responsibility that comes with this freedom, but that alone is enough to push some people into action. The fact that you do not need to ask your supervisor to leave early so that you can catch your kids little league game can be quite powerful. Successful business owners are also able to express themselves in ways most normal employees never could; changing their entire business on the fly if they so choose. From the in store design and build out to marketing materials, there are opportunities galore to flex your creative muscles when running your own business. There is nothing like getting to see a mere dream actually turn into reality, taking a pure thought and making it into something tangible. But, you need to at the same time make sure that the profit is there so that you are able to keep everything alive and healthy. Some of the best laid plans end up failing miserably because no one ever took the time to figure out how they were supposed to make any money. Before you go out window shopping for a business that you want to buy, these are just a few of the things that you should ask yourself and that you need to think through first. Many times, a client will spend an exorbitant amount of time looking around at business for sale but never end up pulling the trigger, or even making an offer to purchase a business. In situations like these, you may end up inadvertently damaging the sellers current operations or even your performance at your own job; a situation that is not good for anyone involved.

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