Friday, October 07, 2005

buying an existing business????

Is it wise or foolish? Even more: is it impossible? Would I be stupid/insane/copping out to go this route?

In a completely different industry (in which I have worked part-time throughout college), someone I used to work for, is, I believe, selling one of her stores in a town I'd like to move back to. I've left her a voice mail and e-mail inquiring on the status of her biz for sale and telling her I'm interested in learning more about possibly buying it from her.

I have experience running the store (after all, as a former employee, I did!), I really, truly enjoyed the job, and the industry is a fun, creative one. In fact, the only things I don't know are a few technical issues (easily learned), bookkeeping, and stocking the store. Oh, and I don't really have any $$, but my parents are interested in possibly investing in it.

Of all the soul searching I've done in the past few months, and all the planning, I don't know if I can ever let go of my plans for MY business, but even more than my own ideas, I know that I will never be happy in either corporate America or working as a part-time cashier for the rest of my life.

So I'm going to wait and see if she responds to my inquiries. Maybe nothing will come of it. Maybe I'll decide it's not for me. Maybe she'll not want a former employee taking over business. Maybe I won't in a hundred years come up with the money needed to close the deal. I don't know. I just know that I'll never know for sure if it was something I should have done unless I at least investigate it further.

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