BRIAN WEIS的动态

Thinking of becoming an entrepreneur? One of the first questions you need to answer is: Should I buy an existing business, or start one from scratch? Each alternative has its own pros and cons. Melissa Houston, a Forbes Contributor, has written an excellent article (linked below) to give you a head start on analyzing this important decision. Read her entire article for the complete discussion of the pros and cons to each alternative. But as a quick teaser, here are two quotes that talk specifically about the pros of buying an existing business: “Venturing into entrepreneurship through acquisition can be a great choice as a solid foundation exists, structural integrity is proven, and there is room for customization. When you buy a business, you're buying into an existing brand, customer base, operational framework, and, in some cases, an already-established revenue stream.” “With historical financials and operational data at your disposal, you can make informed decisions that mitigate some of the risks typically associated with startup ventures.” Of course, there are cons too and the article also discusses those in great detail. But here’s the bottom line, and the most important thing to keep in mind -- there are no right or wrong answers! As Melissa explains at the end, “Both paths are viable, and the success hinges upon thoughtful consideration, thorough planning, and decisive action.” So how do I decide? “The bottom line is that the choice between buying a business and starting one is deeply personal, reflecting not just market realities and financial considerations, but also the individual ambitions of the entrepreneur. Thoroughly consider your options, consult with industry experts, and move ahead with the clarity that your decision will not just shape your business but also your entrepreneurial journey.” OK, but I still need more help. Is there someone I can talk to? YES! If you would like a FREE!!! initial consultation to discuss the pros and cons of any particular business strategy or idea, please let me know. I am more than happy to give you my perspective as a business broker and entrepreneur. LINK TO ARTICLE “Do I Buy A Business Or Start My Own?” by Melissa Houston, Forbes Contributor https://lnkd.in/eu8z-pET HASHTAGS #smallbusiness #business #entrepreneurship #businessowners #startups #money #entrepreneur #smallbusinessowners #investment #entrepreneurs #manufacturing

A friend asked me, "You must be making a lot of money as an entrepreneur, right?" And I laughed it off because ? You do make money in business, but that can’t be the sole indicator for your entrepreneurship journey. If you want to start a business to make money, think twice! ? Social media portrays entrepreneurship as the ultimate path to freedom and riches.? ? This is just one side of the coin.? In reality, entrepreneurs make less than salaried employees.? ? Most entrepreneurs make almost the same as they would have made being in a job, or even less.? ? Being an entrepreneur means making decisions that do not go well with wealth maximization principles.? ? Being judged for doing things in the interest of your and your family’s important life decisions.? ? Entrepreneurs are expected to be the most motivated people, even on the gloomiest days.? ? And we have only scratched the surface. ? Taking care of capital, managing salaries, lowering CAC, adapting to evolving consumer needs—the list goes on.? ? All in all, the drive to create and lead an organization is at the core of entrepreneurship. Entrepreneurs face a choice at every step between making money and managing their ventures; most founders choose the latter. #entrepreneurship #startups #ecommerce

?? ???????????????????????? ?????????????? ?????????????? ???????? ???????? ???????? ???????? ???????????????? ?????? ???????????? ???????? ??????????????! Ask an entrepreneur about his journey in his or her business and no doubt he will quote for you the long, hard journey that has kept him lying awake. Taking on any new business venture scares many people around the world, and it is much better to focus on the good things that could come out of it. Entrepreneurship, without a doubt, forms the backbone of most economies around the globe, as novel ideas help in the development and the setting up of jobs in various countries. A good entrepreneur is a risk-taker who, on being presented with a challenge, gives himself up to it and does not stop to look back even when things go wrong. For reading success stories:

Entrepreneurs vs. Opportunists: Spot the Difference (Without Getting Tackled ) Ever see someone chasing a shiny new business idea like a loose soccer ball? ?? That might be an opportunist! Entrepreneurs, on the other hand, are more like skilled players with a game plan. They see the opportunity, sure, but they also have the vision, passion, and hustle to turn it into a winning goal. Here's how to tell your teammates apart: Motivation: Opportunist: "That trend is HOT! Gotta get in on it!" Entrepreneur: "I see a gap in the market that my solution can perfectly fill." Focus: Opportunist: "Quick buck before someone else grabs it!" Entrepreneur: "Building a sustainable business that solves a real problem." Adaptability: Opportunist: "Oh no, the trend changed! Time to chase the next one!" Entrepreneur: "The market shifted? Let's adjust our strategy and keep moving forward." So, which one are YOU??Let me know in the comments #entrepreneurlife #opportunist #business #startup #whosonfirst

Most people think that entrepreneurs are tough and stubborn. But I’m a different kind of entrepreneur. Being stubborn or forceful are actually great qualities because they can drive you forward with momentum. However, I have gotten to where I am today (the CEO of two finance companies) by being the exact opposite. As a founder, I try to be as adaptable as possible. I prefer to bend in the wind like a reed instead of breaking in a storm like a tree. I’m relentless about my success, but don’t hold a fixed vision. If I need to pivot, I can pivot. My goal is to adjust and refine our methods and services continually. If we’ve disappointed a client, I want to know why and don’t want it sugarcoated. We can all learn and be better from constructive criticism. I am open to feedback of all kinds. I like to hear it from both my team and our clients and customers. Entrepreneurs can often have too narrow of a vision for their company and rail against anything that disrupts it. I do my best to keep my eyes wide open and am lucky that my default is not to be defensive. What qualities do you think are most important for an entrepreneur? #salestax #cpg #ecommerce #startups?#entrepreneurship

“Do you have a founder story?” Every entrepreneur believes their idea is the greatest thing. And they can see its potential. Investors, on the other hand, have a much harder time seeing the potential, and instead want the least amount of risk with the most return. This gap between entrepreneurs and investors is HUGE! And it’s one of the reasons less than 1% of entrepreneurs actually get funding. But the GAP with investors is just the beginning. There’s also a GAP between your company and customers. And a gap between your company and the top talent you’ll need to succeed. How do you close that GAP? The founder of AirBNB used the Founder Story to bridge that gap. Not only did he receive a $112 million investment, but he’s used that founder story to build a bridge to customers and top talent. Now Airbnb is worth $30 billion. Do you have a Founder Story? If not, then schedule a call so I can help you “Close the Gap” ?? >> https://lnkd.in/ghwwxVr Follow ?? #TheMessageFixer #TheIMPACTTribe #virtualpresentations #virtualmeetings #businesspresentations #presentationskills #presentations #publicspeaking #storytelling #storytellingforbusiness #startup #founders #businessowners #businessleaders #entrepreneurs #entrepreneurship #investorpitch #salespitch #communicationskills #salespresentation

A budding entrepreneur was bouncing off some ideas with me some days back. While he was quite optimistic about the possibilities, I was more focused on finding the loopholes. We had a lively discussion for an hour. I was able to play Devil's Advocate to highlight some major issues regarding profitability potential. Some issues also arose regarding competition from existing large players in the market if his model succeeds. Then he said something that amused me. He said we would develop this model, sell it to a large player, and exit. I was left thinking whether this gels well with the entrepreneurial mindset. Do you create a business to sell it? Or do you create a business to grow it? At a practical level, it can still make sense to create a business and then sell it. But this objective reeks of a mindset to chase money rather than create value. All the successful entrepreneurs I have seen have a different kind of mindset. They have a mindset to create something that lasts by solving problems profitably. That, perhaps, is the secret of their success. So, if you are thinking of becoming an entrepreneur to make quick money, you may not be on the right track. Entrepreneurs are more interested in creating a sustainable money-making machine. It is like breeding a goose that gives golden eggs rather than breeding a goose to sell to the butcher. In my view, this sums up the entrepreneurial mindset. What is your opinion on this? #entrepreneur #startup #business

Pros and Cons of Being an Entrepreneur: - Opportunities for growth and development - Strong professional network - Positive impact on others - High financial risks - Unpredictable income - Poor work-life balance - More stress than usual - ... #Entrepreneurship #Entrepreneur #Entrepreneurs #Founders #Startups

Starting Your Own Business: Being Your Own Boss That point in life where you realize that waking up early in the morning and doing a 9 to 5 job is not what you dreamed of in childhood, that moment in life where you realize that taking a risk would be more worthwhile than being a leader in the storage for the rest of your life. Like every other route, this one will not be easy. It requires a person with the ability and strategies to start a business from the scratch and see it through to success with the goals of expansion. Pursuing entrepreneurship can be an immensely rewarding and fulfilling journey, that entails seeking... Read more: https://lnkd.in/g7HGz4km #Entrepreneurship #SmallBusiness #Startups #BusinessGrowth #ScaleYug #BeYourOwnBoss #SelfEmployment #NewBusiness #StartYourBusiness #BusinessJourney #BusinessChallenges