Jobs for Sale

I have never seen an advertisement that said "Great Jobs for Sale," and I bet you haven't either.

But if someone offered to sell you a great job, for a reasonable price, wouldn't you say yes? Imagine receiving the additional job benefits of having a new job with a healthy income stream that would exceed your current salary. To make the deal even sweeter, it would be a job where you would personally receive 100 percent of the income that your ideas and work generated for the firm, not just a small percentage. And once you built the value and equity in your job, you could turn around and sell the job it to someone else and make a handsome profit.

You'd be crazy to turn down a deal like that, right? I'd be crazy too.

You are probably thinking I am in fantasy land. But I'm not. What I am really talking about here is buying your ideal job - a business of your own. If you buy the right business, you are really buying your next income stream and enjoying all the benefits I describe above. And many more too.

But before you buy your business, you have some homework to do:

• Identify where you can take the company. Can it serve as a platform for new growth as you introduce new products, new services, more aggressive marketing and sales? As I have written before on this blog, one of my Ten Commandments for Buying a Business is, "Pay for the past, consider the present, but buy for the future." The past financials about the company you are buying will help determine the purchase price, but they do not guarantee what the business will look like in the future. You must evaluate the business with utmost care to understand what it can provide you with after the purchase.
• Carefully evaluate the financials of the business you are considering. Kick the tires. Don't believe what you are told. Demand to see all the records.
• Verify and see for yourself. Remember that the friendly-looking owner will probably tell you an interesting tale about why the business is for sale. He's got another business that is so successful, he doesn't have time to run the one you are considering. Or she just lost interest. Such explanations don't hold up. If you were making a ton of money in a business, that would be interesting enough for you to hold on to it, right? Money is pretty interesting. Even if you disliked the business, you could hire other people to run it for you. So try to dig until you find out the real reason the business is for sale, such as a failed product or the arrival of new competitors in the marketplace. Or, as I prefer, the more realistic, and sometimes morbid reasons like retirement, death, and divorce. Once you pinpoint the reason, you need to consider whether it is a problem that you can overcome.
• Make sure that running the company will be a good fit for your skills, experience, interests and temperament. After you write the business plan, and you find you're not the right person to run this company, let someone else give it a try. After all, you're leaving your old job to enjoy a better life, right?

So, can you buy your next job? Will it be a great one? The answer to both those questions can be a resounding "yes!" If you're willing to create an exciting future where you are in control of your future, I urge you to take the next step by investigating my Trump University course, The Art of Buying a Business. You'll learn absolutely everything you need to know to buy the financial success you deserve!

Trump University Professor Richard Parker developed Trump University's self-paced multimedia home-study course, The Art of Buying a Business.