Late last month, an article was published in the Wall Street Journal which reported on the current trend of new business owners reaping rapid benefits of entrepreneurship by purchasing an established business. This topic got us curious about business purchasing activity over the past year and individual motives behind choosing a proven business.
In an effort to learn how BizBuySell has helped aspiring tycoons take advantage of this recent entrepreneurial trend, we reached out with a few questions to our active business searchers to see if they’d recently made a change from employee to boss. The response from business buyers over the past year was significant and reflected that many individuals were taking advantage of the buyer’s market and actualizing their dreams of owning a company.
Resounding reasons for abandoning previous careers in lieu of becoming a small business owner included the challenging job market, desire to be their own boss, change their career, and to engage in high investment return.
One survey respondent, the epitome of this growing trend, is a serial entrepreneur out of Washington, DC. Currently making plans to open his third business over the course of the last 4 years, this trade researcher favored the independence of owning his own business. With one positive ownership experience under his belt, a desire grew to diversify his portfolio. Using BizBuySell as a vehicle to locate profitable business opportunities, and our sister site LoopNet.com for the commercial real estate component, he’s made the steps towards a lifestyle that is both rewarding and flexible.
Reach out and let us know how we can help you find your next great established business opportunity.