Hey there, Future Biz Buyers—I’m so glad you’re here!
A quick thank you to all of you for being here. It really means a lot to me—especially as this newsletter passed 100 subscribers this week. A true honor—thanks!
Ok, back to business. Welcome to edition #9 of Business Buying Weekly.
Make sure you check out our Business Breakthrough edition (that was #8). I announced my upcoming book and a free email course you can check out.
Let’s get down to today’s message. It’s an important one.
Take Back Your Career with Your Own Business
If you’re subscribed to this newsletter—I’m going to assume you’re at least a creator or solopreneur of some sort.
Maybe you have a job—or maybe you don’t. You may have given a passing thought to owning a business, perhaps.
You’re here at the very least to get your feet wet… to introduce yourself to the ins and outs of business ownership.
That’s great. I’m here to learn about business buying myself—and bring you along with me.
So, what’s all of this have to do with your career? Glad you asked!
Your Career as the Catalyst
I once had a business coach tell me to view my job’s salary as capital for my side business. I remember it clear as day as we sat at my kitchen table.
I want you to do the same thing—but zoom out a little bit. I want you to view your day job—whatever it may be—as the training ground for business ownership.
I’m a project manager in during the proverbial “9 to 5” business hours. I can’t tell you the amount of customer service, people management, firefighting, and crisis management I do on a daily basis.
It’s crazy out there—but what should I really expect from my own full-time business?
About the same, right? With no supervisor or co-worker to come along with me. And sure as hell no “quitting time” and clocking out—leaving it all to tomorrow or Monday.
Not a chance.
No, your job or whatever project you’re working on now is a gift. Don’t let it eat you up and spit you out.
Embrace it. Live it. Learn from it. Use it to unf*ck things and take advantage of the lessons.
You got this.
How to Identify What You Want Out of Owning a Business
I shared an interesting piece on Medium about avoiding buying a business you hate. It’s a great supplement to today’s topic—and one I hope helps you navigate your search a bit better.
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Great post! I attended a webinar with Codie Sanchez about buying "boring" businesses and received a high-level overview of what it takes. I agree with you about not buying a business you hate because it will become a money pit instead of an income/revenue generator. There are several businesses I'm considering, including a veterinary practice. However, some terms state that you must have a licensed veterinarian as a partner. It makes sense.
Great advice, David. “View my job’s salary as capital for my side business.”