Why did I create this a 'Buying a Business' blog
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I was running through my weekly Feedly reading list, and I came across this article/ podcast entitled Why You Should Buy a Business (and How to Do It) from Harvard Business Review (hbr.org). The headline was 'clickbait' for me. I've always been interested in running a business, but never really thought about buying one. I figured I'd listen to a bit of the podcast and see it was about. I was intrigued. I bought the book (its the first item in this book review post). I also read four other books, listed on the aforementioned book review post.
Throughout this process, some questions also came to mind. Why hadn't I thought of this before? Why don't we talk more about buying small businesses? In the 'entrepreneurial world', we talk about bootstrapping, incubators, and unicorns, but we never talk about simply buying an existing business. I guess its not as romantic the founding of Facebook in a dorm room, or the founding of Hewlett-Packard in a garage. We hold Sergey Brin and Larry Page in high esteem, but how may names of people do you know that purchased a small company and turned it into a success. I don't know of any off the top of my head. Of course, we also have to define 'success'. Google and Facebook are one type of success; the hardware store around the corner may be another.
My Goal with this blog is answer some of these questions, and on the way shine a light on how to buy a business.