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I think the time is definitely ripe!
Hi Gordon.
We must be in a golden age for acquiring a business and paying for the cow with its own milk! Though it definitely sounds like an area where good due diligence is required! Otherwise, a person might find they have a non-milky cow... How do you find these businesses, which are good prospects for this kind of deal? Do you find them by going to business brokers? Or how else would you do it? Maybe a person could ask around the industry they're interested in somehow... A business's competitors may know the situation, but you'd have to be a little discreet I think, so the other businesses don't know what you want (as you'll end up being their competitor)... Apart from the income, there must be other things you'd have to look for... What would those be? Great topic for discussion! Now is probably the right time to find such businesses, as many people are looking to retire and wanting to sell their businesses... Their kids often don't want to take it over... Best wishes! Dien P.S. Sorry for my slow responses lately... My missus has been a little under the weather, which means more baby-sitting duties for moi... Quote:
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