You’re a seasoned professional ready to make your own decisions, set your own hours, and build equity in a valuable asset for your later years. From charming cafes to quirky boutiques to the services you invite into your home to build and fix things, Main Street businesses—those with revenues under $5 million—offer just that opportunity.
But, as you might expect of any investment involving hundreds of thousands of dollars (especially of your own money!), you need to know what you are doing. Right now, you don’t. You need help avoiding the mistakes, not learning from them, because you’ll only do it once and you’ll live with it for many years. That’s where “The Goldmine on the Corner” comes in.
WHO IS THIS BOOK NOT FOR?
You cannot buy a business if you have no money and no experience. Stop surfing the internet and figure out how to save money from your job, or get a side gig for now and grow it over time.
WHY THIS BOOK?
You’ll find lots of other books and internet sites about buying businesses, but most are aimed at larger businesses (those with revenues over $10 million), even though many of them claim otherwise. The buying process is entirely different for smaller “Main Street” businesses (those with under $5 million in revenues). That’s what you should be looking at as a first-time buyer. It is already familiar to you as a customer, and it’s probably affordable for you. Even so, any purchase in the hundreds of thousands of dollars is not entirely simple. You need a guide that focuses directly on small businesses.
The no-AI promise: nothing in this book was written by AI. All of it comes from reputable experts on buying and selling small businesses, filtered through the author’s personal experience working with hundreds of people who want to buy businesses, some successfully and many not.
WHAT ARE THE SEVEN STEPS?
The buying process breaks down into seven clear steps:
1. Know What You’re Doing: Lay the groundwork with a solid understanding of the business landscape.
2. Build a Team: Find the necessary professional support.
3. The Search: Cast a wide net and hone in on promising opportunities.
4. The Offer: Understand the terms and what will work for you.
5. Due Diligence: Ensure that the business is what the seller said it was.
6. The Closing: The deal is ready; don’t trip up on the way to the altar.
7. Wrapping It Up: Get off to a good start in the first 90 days. These are the first days of the rest of your life.
Here’s the kicker: “The Goldmine on the Corner” isn’t a thinly veiled sales pitch for the author’s services as a business broker. Due to differing state regulations and to the practical limits of client workload, the author doesn’t expect that anyway. Instead, it lays out what a broker can do for you. You decide whether to take the risk or make the investment.
This book is all about you. You may find a lot of the questions uncomfortable, especially the part about sharing the decision process openly with your family. When you want to bring someone else’s baby into your life, it’s best to have everyone who can (and will) second-guess the decision on board from the start.
PRACTICAL EXERCISES
You’ll find numerous questionnaires and calculation sheets throughout the book to help you understand your goals and what it will take to meet them. However, it’s important to note that the book does not provide templates for legal documents. For those, you’ll need to consult a qualified lawyer in your state.
Packed with actionable advice and real-life examples, this book is your ticket to financial freedom and personal fulfillment. It can also prevent you from falling into a sticky swamp that may well drive you into bankruptcy.
Ready to make your mark on Main Street? Grab a copy of “The Goldmine on the Corner” and start your journey today.
Get a PDF copy from the author here, or
Get a copy at Amazon here.