^^ Thanks 8 ball... we are a community that helps each other!

You still need a really good business plan! At least that will make you more appealing to the SBA or Banks!

I'm assuming the original shop owner wants all of his money upfront?
If not, maybe with a contract lawyer you can work out a payment plan?

In this type of economy people work out very creative deals!

 

i'm back, and i still have a job, but i lost half of my crew, and there are serious cut-backs when i go back out,

i still want to buy the shop, but i don't what to do

 

Being your own boss had lots of pluses and minuses. At the end of the day, at least for me, the plusses outweigh the minuses. I love being my own boss.

 

you trust no one except your family and yourself.
if you have to have someone run your books, learn how to do it yourself and then do it. It lets you see what is going on in your business and cut overhead expenses (accountants are expensive; in my case, it cuts expense by over $20K/year).
In fact, learn how every aspect of the business is run b/c no one will care as much as the owner.


yup, capitalism/risk taking is scary but it has great rewards (financially).

Remember, take good care of your customers.

 

Quick Books is your friend