Let me explain.
by: paris barrie
The purchase. I suspect that when there's an economic downturn, there's a greater interest in self-employment. Now, mind you, I've never done a formal study. So, please don't check statistics here. It just makes sense to me. When one has lost one's job, and the replacement job is not waiting in the wings, one feels the need to take control.
I have some advice: SIT ON IT, FIRST (entrepreneurs.about.com/.../buyingabusiness/Buying_a_Business.htm). Don't make any rash decisions. Weigh the options. Explore the territory. Just maybe, you are taking control, when you decide NOT to act on a purchase.
Because buying a business is first and foremost, an expensive proposition.
But, if you decide to proceed, move ahead with caution. In other words, caveat emptor.
Yes, that's right. Be aware of what you are buying (http://www.reuters.com/article/2009/03/26/businesspropicks-us-findlaw-buying-a-bus-idUSTRE52P6KP20090326.) Kick the tires, so to speak. Cause you're going to be living with this decision for a period of time, right or wrong.
And in our case....well, it wasn't the best decision we ever made. It was, when all was said and done, a decision based upon fear. Never the optimum basis on upon which to formulate a purchase.
Sunday, March 20, 2011
Wednesday, March 16, 2011
Downsized. Now what?
Let me explain.
by: paris barrie
First, you take the painkillers, OTC of course. Then, maybe a drink, or two.
I know from personal experience, because I know what it's like to lose a job. Only this time around it was different. It was my husband who lost his job and we had two kids. Downright objectionable. Life wasn't supposed to be like this. I always had heard that if you work hard.....things would work out...for the better. Not like this.
So here's the back story. Talk about adjusting to life. And, recognizing you don't always have control.
After the new reality set in, we set about attempting transformation. Ever tried it? It's a bitch. Well, put more politically correct, it's like trying to fit a square peg into a round hole. Not always the easiest thing to do.
Let me explain further. We both had corporate backgrounds. You know, where there's often a thousand people working for the good of one entity.
But now, the landscape had changed. Gone was the large corporate entity with its safety in numbers philosophy.
And we were on our own. Ouch!
So what did we do? We bought a business. After all, if you can't get a job IN the business world, what's the next best thing to do? You got it. Buy one.
by: paris barrie
First, you take the painkillers, OTC of course. Then, maybe a drink, or two.
I know from personal experience, because I know what it's like to lose a job. Only this time around it was different. It was my husband who lost his job and we had two kids. Downright objectionable. Life wasn't supposed to be like this. I always had heard that if you work hard.....things would work out...for the better. Not like this.
So here's the back story. Talk about adjusting to life. And, recognizing you don't always have control.
After the new reality set in, we set about attempting transformation. Ever tried it? It's a bitch. Well, put more politically correct, it's like trying to fit a square peg into a round hole. Not always the easiest thing to do.
Let me explain further. We both had corporate backgrounds. You know, where there's often a thousand people working for the good of one entity.
But now, the landscape had changed. Gone was the large corporate entity with its safety in numbers philosophy.
And we were on our own. Ouch!
So what did we do? We bought a business. After all, if you can't get a job IN the business world, what's the next best thing to do? You got it. Buy one.
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