Do You Want to Own Your Own Business - Learn How To Start a New or Buy an Existing Business


By Michael Busch

All across the USA individuals associated with our largest corporations are finding that the security that they expected no longer exists. Further, in many cases long assumed pension and retirement benefits are falling by the wayside. And although the economy is flourishing by every known measurement, these individuals stand to lose their jobs and savings. Mergers among our largest corporations coupled with increased productivity due to technological advances may bode well for shareholders, but not for those who lose their jobs.

These individuals find themselves in the most frightening position of all; likely out of a job, between the ages of 40 and 60, with few prospects of achieving like compensation levels elsewhere. In the new global economy, domestic and international mergers and acquisitions rule the day and out- sourcing is a fact of life. Therefore, new jobs primarily will be created by entrepreneurial companies, e.g. small business.

This author believes that many of these displaced workers will seek to control their own destiny by starting a new business, buying an existing business or purchasing a franchise. And while there is no doubt that the vast majority of these individuals are well educated and experienced in their previous vocation, few are adequately prepared to succeed at owning and operating their own business. Some statistics state that nine out every ten new businesses fail.

However, this does not have to be. We can mitigate the risks and beat the statistics. As one who has made his life's work the starting of new businesses, purchase of existing businesses and having founded a very successful franchise company, I can assure you that with the proper direction and mentoring, you can beat the odds and take charge of your business life.

There is nothing so exhilarating that to know that you control your own destiny.

Visit www.newbiz-coaching.com today and email me at michael@newbiz-coaching.com and I will see that get the “Quick-Start to Business Ownership” absolutely free! I can help you to realize your goal of job independence through business ownership.

Michael Busch is the founder of Medicine Shoppe International, Inc., a franchisor of over 1,200 pharmacies. Michael is the founder of a number of small businesses and has been involved in three public offerings. He is the author of a course in business ownership that is available through his website, www.newbiz-coaching.com.


More Resources


Its Good to Know Your Banker
Recently my bank opened a new branch that is a few miles away from my house. I used to visit the local branch that was located in the grocery store and enjoyed seeing the ladies on a weekly basis who were the tellers.
Should You Write Your Own Business Plan?
If you are just starting a company and looking for funding, or looking for additional funding for growth, you will need to develop a traditional business plan. Creating a business plan is a business hurdle that entrepreneurs seem to dread.
Creativity & Entrepreneurship - Key Questions From My Students
Hello Creative Entrepreneurs!Thought for the day:"It is not easy being an entrepreneur, but it is always rewarding. It takes great discipline, self-motivation, hard work and perseverance to achieve your dream.
Health Insurance for Solo Entrepreneurs
One of the most important benefits employed people enjoy is health insurance coverage. It is also the single most costly expense for self-employed entrepreneurs.
Empathy - Not Business Plans - Key to Your Home Based Business Success - Do You Have Empathy?
EMPATHY is a Natural Talent, you were born with it and you will never loose it. It can be a blessing or a curse in a home based business.
Venture Capital Negotiating Issues
When companies enter into negotiations with venture capital firms, there are several issues which need to be defined and agreed upon. This article describes the key issues.
PTO; Justification of the Means and the Ends
Some would say about certain issues that the means do not justify the ends. Well more often the ends do not justify the means.
Good Questions, good Answers; Bad Questions, Bad Replies
I'm convinced that asking the right questions is one of the most important skills you need to become a successful business person. Questions have the power to direct you or to distort you.
Rambling Confessions of a Recovering Entrepreneur
I told my family that I finally accepted that my passion had become an ob- session, and you could even call it an addiction. They all laughed.
Online Women Entrepreneurs Need To Pace Themselves
Saving time means pacing yourself, being organized, and always prioritizing your duties, responsibilities and efforts.Pacing yourself means allowing time for unexpected situations, such as having enough time to check the ever-growing inbox, setting-up special autoresponders for automatic responses (a miraculous tool?really), and other technical issues of running an interactive website and blog.
Realism vs. Optimism in the Business Plan
The most important function of a business plan is to create interest among investors so that they write a check. In achieving this goal, business plan writers are often challenged by determining the proper level of optimism in their plan.
7 Lean Marketing Laws For The Inspired Entrepreneur
The following laws will provide guidance on how to act,think and work in a lean way. You can apply these laws toall areas of your life, work and business to get biggerresults from the time you invest.
How To Start a New Business
While it is tempting to just leap into a new business because of it's exciting possibilities, a few key planning points will vastly increase your chances of success. These steps aren't difficult, but they're easy to skip.
Evaluating an Opportunity
Business opportunities are often based on broad trends, such as:? demographic, such as the "graying" of America (creating opportunities in health services, for example);? sociological developments, like the "green" movement, with its emphasis on recycling and environmental sensitivity, and;? cultural changes caused by changing economic conditions and technological developments.Opportunities can also frequently be found in current and developing business trends such as:? the globalization of business,? the need for outsourcing created by downsizing, and? the burgeoning service economy.
Interview with Best-selling Entrepreneurial Authors Barbara Winters and Nick Williams
Ray Bradbury's quote, "You've got to jump off cliffs all the time and build your wings on the way down" may sound extreme but, as anyone building a business knows, it has a lot of truth in it.As a newly self-employed journalist / writer and life coach, I found Barbara Winter's book, "Making a Living Without a Job" invaluable so when I got a chance to interview her and Nick Williams in London, I was delighted.
Starting a Company on a Shoe-String Budget
A lot of people never start businesses because they believe they don't have enough money to do so. Unfortunately, these same people don't realize that many of the world's most successful companies were started on a shoe-string budget by an entrepreneur with limited resources.
Questions For The Entrepreneur To Be
Entrepreneurial e-gnorancePart 1: Questions for the entrepreneur to beIf you are an entrepreneur starting out, or have been around the block for some time but are yet to hit on the jackpot, you might be missing out some of the cornerstones of doing busingg through the new age media, the internet. Ask yourself the following questions and in seeking out answers to the, you may find the magic touch that could propel you to the success that drives you everyday.
Entrepreneurial Business Plan The Down And Dirty Way
Does the idea of running your own business sound exciting? Do you have a business up and running and want to take it to the next level?After coaching hundreds of entrepreneurs at various stages of their evolution, I've found that the answers to these 5 questions can make or break any endeavor. Of course there are lots of other areas that must be addressed, however these will get you moving in the right direction quickly.
Increasing Business BIGTIME with a Successful Referral System
What I've discovered from most of my small business clients is that most would prefer to build their business through referrals rather than through direct mail, advertising in newspapers, radio, TV. However, most leave the referrals to a somewhat chaotic, unplanned approach.
Drive Website Traffic Unconventionally, Force Your Children To Do It
If you believe that every little bit helps then keepreading..

More Entrepreneurialism Information:

Related Articles


From Employee to Entrepreneur: Taking the Plunge
Before you decide whether or not running your own business is right for you, start by pinpointing your area of expertise and assessing your aptitude for business.Starter Questions Ask yourself the following questions:- In what areas do people approach me for advice and assistance? From what parts of my job do I get the most satisfaction?- What do I like doing so much that I would do it even with no pay?- What hobbies or interests could I "spin off"into a small business?- Do I enjoy budgeting and financial planning?- Do I enjoy making cold calls, tele-marketing and selling?- Do I have enough self-discipline to work on my own?- How easy is it for me to bounce back from rejection & setbacks?Proceed with CautionBefore you take the plunge, it's important to "wade in gradually" or you may just find yourself swamped.
Entrepreneurs, Are You Hauling Buckets?
Once upon a time, there was a village on the banks of a fine, clear river. The villagers all drew their water from the river, and used it to cook, and bathe and water their gardens.
Secrets of My Favorite Government Auction
I love bargains. And there's no better place to find bargains than an auction.
The Dirty Dozen
1) No Umbrella Business Plan or Strategy -- Without a plan, there's no serious way to gauge the growth and progress of your business. You need a realistic map for where the customers will come from and where your business is going.
7 Lean Marketing Laws For The Inspired Entrepreneur
The following laws will provide guidance on how to act,think and work in a lean way. You can apply these laws toall areas of your life, work and business to get biggerresults from the time you invest.
The 5 Senses of an Entrepreneur
If you have seen me speak you will know that I believe the word 'entrepreneur' is used way too much these days. People seem to wear it as a badge instead of just getting out there and doing entrepreneurial things.
Near-death Experience is the Mother of Invention for Two Dallas Electricians
To morning commuters, the hulking truck encircled with barricades and traffic cones may be nothing more than a road-clogging nuisance.For Kerem Tepecik and Dale Vith, two men who've made a good living by changing light bulbs forty feet above the pavement, the so-called "bucket truck" is more ominous.
Street Smarts Vs Book Smarts, What Does It Takes To Be An Entrepreneur
The latest series in "The Apprentice" features 2 distinct groupof candidates. One group, who are only high school graduates aretermed as "Street Smarts" by Donald Trump whereas, the othergroup are all college educated with some having MBAs and advanceddegrees.
Great Tips Of Choosing An Office
You have decided to strike it out on your own and set up a business consultancy. Chances are you want to look at getting your own office premises.
How To Grow Your Micro-Business
If you want to grow your micro-business (defined as a business with fewer than five employees), you mightconsider some of the findings of a survey by Statistics Canada.1.
Online Women Entrepreneurs Need To Pace Themselves
Saving time means pacing yourself, being organized, and always prioritizing your duties, responsibilities and efforts.Pacing yourself means allowing time for unexpected situations, such as having enough time to check the ever-growing inbox, setting-up special autoresponders for automatic responses (a miraculous tool?really), and other technical issues of running an interactive website and blog.
Before Getting A Franchise
Buying into a franchise is a great way to be part of a recognized brand with the benefit of lower advertising outlay. With many franchises to choose, here are some tips before you get involved with franchise:Get The Support of Your Family:The success of your franchise is also the acceptance of your immediate family in supporting your effort.
Work On, Not In Your Business
Are you busy? Everyone's busy! Ask anyone they'll tell you how busy they are. But how many people are accomplishing real results?In your small business, it's easy to get buried in the myriad activities that demand your attention each day.
Achievements Outweigh Education and Experience
Q: When it comes to succeeding in business, which do you think is more important: education or experience?-- Regina M.A: Regina, have you seen the television show, Fear Factor? If you haven't seen it you've probably heard about it.
Strategies for Overcoming Obstacles to Discovering Your Gifts
What are the unique gifts that differentiate you from other solo entrepreneurs? The path to discovering your gifts may take a lifetime, but you can use the exploration process to begin to use your gifts NOW! Unfortunately, for many different reasons people get sidetracked or never even get started taking the actions that would help them discover their uniqueness. Here are some suggested strategies to help move forward and stay on the path of discovering your gifts.
Ten Traits of Successful Entrepreneurs
Successful entrepreneurs have many traits in common. Here are ten of those traits that I consider to be very important.
Creativity & Entrepreneurship: The Secret to Discovering Your Purpose in Life!©
Hello Creative Entrepreneurs!In the second course on Creativity & Entrepreneurship we begin with a guided meditation that I created entitled: Dream Keeper-Gift Giver©. You ask: what in the world does this mean? Well, it's a very profound secret I discovered about myself fifteen years ago.
Entrepreneurial Ongoing Education Advice
I would like to give some advice to all the up and coming entrepreneurs; if you really want to be a superstar not only do you have to work harder and smarter than the competition, but you must always keep learning. I built a company from a bucket of water and a sponge into a National Car Wash Franchise System in 23 states.
Entrepreneurs: Benefits vs. Features-Know the Difference!
Entrepreneurs know their business. They know their product, their service.
How To Get More Clients and Customers; Dont Sell Be of Service
Whether you are just starting your business or focusing on growing it, I'm sure you are like most small business owners you are looking for ways to get more clients and customers. There is a lot of information out there on selling, persuasion tactics, and gimmicks to get people to buy.