Interesting conversation.
Have any of you explored this further? Either meeting or developing your own ideas?
You also have to be good at the business. Iâve seen people buy businesses only to run them into the ground. A lot of small business tick over through hard work. I see some buyers come in seeing it as a passive money making machine and mess it up badly.
Also to add, most people Iâve worked with in employment have close to zero business sense / common sense and would never be able to run a business. Heck a fair few couldnât even do their jobs properly.
Some of these jobs are just unattractive and so get swallowed up by bigger concerns who build up national franchises instead. Think of butchers being swallowed up by supermarkets (when the kids donât want to deal with a job handling smelly meats). Or funeral parlours (very lucrative and get swallowed up into national chains who can get economies of scale and better processes). Or smaller things like kebab shops and the like which have unsociable and long working hours.
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I own a small business (mostly subscription based IT solutions and a bit of specialised hardware). Iâve kept it running for 13 years now.
I am thinking of selling it every now and then.
If anyone is interested in having an informal chat and determine what it would be worth, DM me. Also if you have a thesis and need a case, do contact me.
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Is this a software youâve built or you are reselling someoneâs software?
Reselling, we customize the configuration.