Over the past couple of years, American entrepreneurs and businesses have witnessed some major social and economic changes. Thankfully, many economic industries have hit a happy equilibrium and balance once again.
Growth is more consistent with many businesses, and steady revenue is being reported from many industries. As businesses and companies are being run very differently than they were 15 or 20 years ago, newcomers into the business ownership sector are being greeted with tremendous opportunity and better access to sufficient funding.
“You have to trust in something – your gut, destiny, life, karma, whatever. This approach has never let me down, and it has made all the difference in my life.” - Steve Jobs
Buying an existing business is the best way to become your own boss. On deciding when to buy a business, the time is now. There are countless reasons as to why you should pursue individual business ownership, but in 2017, the odds are in your favor. Buying an established business is even less risky. You can develop realistic projections on growth, and discover early on whether or not a business is in need of a rebrand, or location move.
“People become really quite remarkable when they start thinking that they can do things. When they believe in themselves, they have the first secret of success.” - Norman Vincent Peale
Now, more than ever before, do entrepreneurs have reliable and accessible opportunities for funding. From traditional low-rate loans from banks, government loans and grants, and a growing amount of venture capital from willing angel investors and finance professionals. Unlike a start-up, which can have up to a 50 percent fail rate within the first year on the market, existing businesses are already established and successful.
Like all good things, a successful and profitable market cannot stick around forever. To make the most of this promising opportunity, begin your venture into the world of business ownership today. The economic climate for small business lending is favorable, with lots of interesting and emerging industries to consider in your research to find the perfect business for you.
“Take up one idea. Make that one idea your life – think of it, dream of it, live on that idea. Let the brain, muscles, nerves, every part of your body, be full of that idea, and just leave every other idea alone. This is the way to success.” - Swami Vivekananda
The professionals of Transworld Business Advisors of Minnesota want to help you discover the perfect business for your expertise and passion in 2017. For more information, view our available listings of Minnesota businesses available for sale today.