Are you the worst Buyer?
Why are you looking to buy a business? Is it to create financial freedom and lifestyle freedom? If so, can you already do this in your current position? If not, will owning a business offer you this freedom? If yes, you need to seriously get over your fears!
The biggest fear you will have as a Buyer is losing money; and you will not buy a business if you can’t get over this! Here’s how we know you won’t buy a business:
- You will procrastinate, finding excuses and place obstacles in your way
- You will be over-cautious, looking at the negative and thinking about failure instead of thinking about the success
- You will be indecisive, allowing others to do the thinking and becoming overwhelmed by their opinions never making up your own mind and taking action.
If you are not driven and cannot make decisions, then you should not buy a business as the business’ success and profits depend on you. Buying a business is not for everyone and you could be just as financially free and have a good lifestyle balance in the right employment.
If you truly believe that you are ready, willing and able to buy a business then you need to stop shopping once you find the perfect business and make an Offer.
There will be a sweet spot where the price is so unbelievable that you cannot turn your back on the opportunity and the risk verse reward is overwhelmingly positive.
Ask yourself what that price point is and then ask yourself whether you would take the plunge if your Offer was accepted. If the answer is still “no” then you are not ready to buy a business. If the answer is “yes”, then stop looking and make that Offer. What have you got to lose?
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DISCLAIMER
This is an opinion and should not be taken as professional or legal advice. Readers should make their own decisions.
