Going from employee to the owner of a small business will take a huge level of personal commitment and a good deal of effort, time and money. This is not a decision or change that you should take lightly or a process you should do in haste. There are elements you should consider and questions that you will need to ask while being mindful of potential pitfalls along the way. Some of the questions you should begin to consider are as follows:
- What kind of business would I ultimately like to have?
- How am I going to pay for my new business venture? Cash? Financing? A little of both?
- Am I looking to be a franchisee? Or do I want to buy an existing small business?
- Have I really done my homework? Have I thought of and found an answer to all of my questions?
Your ultimate success, both financial and personal, will depend on your preparations at the beginning of your entrepreneurial journey.
Michael Monnot
941.518.7138
Mike@InfinityBusinessBrokers.com
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