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Mar 29, 2005

Gathering Ideas

Posted by Clifford under Business

I called my mentor.  He’s willing to take a look at some businesses if I can find them.  So it’s up to me.

He runs a software company so I’m going to start there.  I know computers and programming quite well.  This could be a good match if I can find the right product.

I went to a few websites for businesses in Southern California.  I have no desire to live in North Dakota.  Sorry Mr. Brokaw!  The websites I visited were:

http://www.biz-exchange.com/orange-county-area-business-brokers.php

http://bizbuysell.com/
http://www.sunbeltca.com/

The number of businesses for sale is astounding!  But that’s good.  That means I have choices and I can find what it is that I want.

I’m going for businesses that have been around at least 5 years, have strong discretionary cash-flow, list areas for future growth, and are willing to "owner-finance".  I don’t want my mentor to shell out anymore money than necessary because there is such a thing as "good debt".

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