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Old 04-14-2008, 10:00 PM
Mistel Mistel is offline
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Join Date: Jul 2005
Location: Toronto, Ontario, Canada
Posts: 214
Consider buying an existing business. Maybe one that is doing poorly and needs to be turned around. It is easier than starting from an empty store.

If you do look at buying an existing business, ask to see actual tax returns for proof of income, rather than some fantasy typed up on there computer. It can be difficult to sell a small business, especially one that is doing marginally well. I had a tenant that had a busy pet store. Her husband got transfered so she considered selling the business. Remarkably, she told me that she made so little money that there was nothing to sell, so she just closed the business.

I think it was just poorly managed with the owner not putting in enough hours.

But my point is you may be able to find a poorly managed business thatyou can take over, without the hassle of starting from scratch.

Last edited by Mistel; 04-14-2008 at 10:18 PM.
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