Gathering Ideas
Posted on March 29, 2005 - Filed 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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