When you start a business and it turns into a profitable success, you form a unique connection to it. Like watching your own child grow from infancy, your business becomes your baby that you have nurtured to your best ability to see it succeed. So, when it comes time to sell your business, your emotional connection may cloud your senses when conducting the deal. You may think of yourself as impervious to these feelings, but it is not uncommon to be internally swayed by a sense of approaching loss.

Have you been dreaming of buying a business…in an industry that you don’t know the first thing about? Maybe you’re a nurse but you’ve always dreamed of owning a doggy day care; maybe you’re a meteorologist but you want to run a coffee shop. Once upon a time, the first step was to go back to school and get an MBA to learn all the business knowledge necessary to run a successful enterprise. Now, though, many business owners are turning to business coaches.

Many people dream of starting their own businesses, but few people actually go out and make their dreams happen. And, among those who do, there is no guarantee of success. In fact, around half of new businesses fail within their first year. The takeaway: you need to be realistic about your expectations and about your own ability to successfully manage a business. While there is no guaranteed way to tell if your business will be successful, there are some qualities necessary to be an excellent business owner and operator. If you possess these qualities, then you greatly improve your chances of business success.  Another very positive way to help assure success is to purchase an existing business with a proven success record.  This is where Sunbelt Business Brokers can provide a great deal of guidance to help you along in this process to realize your dream of owning a rewarding and successful business.