The Entrepreneur

The toughest part about buying a business is the follow through.  Will you get to the finish line? Will you write the check from your investment account? Will you put your house up as collateral? Do you think that the 10 to 20 year old business you are interested in will collapse as soon as you take it over?

The odds are very much in your favor if you are buying an existing business. It may take you some time to find the right business for your personality or the right sized business for your investment, but when found will you jump? Some soul searching with your partner and/or spouse will be critical before entering the realm of a business search.  Is this the right time? What are your other options?

I was recently involved in a brainstorming session with a bunch of entrepreneurs from many different industries. The topic: “What are the typical characteristics of an Entrepreneur?” Take a look at this list to determine if you fit a few. This is not the entire list we came up with, but these are my favorites.

If you have a few of these traits there is a good chance you are or will soon be an entrepreneur. If you have all these traits, you might just annoy your fellow entrepreneurs (out of jealousy). If you don’t see a fit with any of these characteristics, you might want to avoid business ownership. Either way, we would love to talk to you and give you some insight into business ownership. Contact any one of us.

Apex Business Advisors would like to congratulate the 5 new entrepreneurs who accomplished their dream of business ownership this month!