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Do a self-assessment before buying a business

February 17, 2021 by NCET Member

by Buzz Harris

Buzz Harris

“People should be less concerned with the difference between good or bad and right or wrong and more concerned with sense and nonsense.” — Carl Jung

Recently, I’ve written about the large number of people who dream about buying a business, yet only a small percentage of them actually do.

According to an informal survey at our firm, it appears that less than 8 percent of those who had intentions of buying a business ever did.

For such a big decision, a self-assessment should be made by those who think they want to buy a business.

At the top of the list, buyers need to take an honest inventory of their skills, knowledge and interests. Are they comfortable with interacting with the public or more content behind a desk? What are the technical skills or talents that they can incorporate into the business?

Read entire column in the NNBW: https://www.nnbw.com/news/buzz-harris-do-a-self-assessment-before-buying-a-business-voices/

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