More and more people who work in office jobs are leaving their careers to buy small businesses. Influencers like Codie Sanchez have made it popular to own businesses like laundromats, landscaping companies, and car washes. These businesses might not seem exciting, but they can offer something that office jobs don’t: control, steady income, and a sense of ownership.
But buying a business isn’t easy. It takes hard work, management skills, and the ability to deal with daily problems. Some people make it seem like owning a business means easy, passive income. The truth is, it usually takes a lot of effort and problem-solving. Not everyone is cut out for it.
Too Long; Didn’t Read
- Lots of office workers are leaving their jobs to buy small businesses.
- People are choosing businesses like HVAC, plumbing, and trash collection because they are less likely to be replaced by AI.
- These businesses bring steady income and require hands-on work, even though some people make it sound easier than it is.
- Social media influencers, like Codie Sanchez, have made buying businesses look trendy and profitable.
- It’s not for everyone – running a business takes time, effort, and the right mindset.
Why Are Senior Professionals Buying Main Street Businesses?
Many people are getting tired of office jobs and feeling uncertain about job security. Buying a small business gives them a chance to be their own boss and create something tangible. Some of the most popular choices are businesses like HVAC, plumbing, car washes, and laundromats. These businesses might seem boring, but they make money because people always need these services.
Social media influencers have made buying businesses sound exciting and profitable. They often share stories about people making hundreds of thousands of dollars from simple businesses, but just because it works for some doesn’t mean it’s easy or a good fit for everyone.
Not Everyone Should Be a Business Owner
Owning a business looks great online, but it’s not for everyone. It takes skills to manage daily operations, deal with employees, and keep customers happy. Unless you hire a great team of professionals (which costs a lot!), you can expect to work long hours. It’s not always the “money printer” that some make it out to be. Make sure you know what you’re getting into before you buy.
If you think you’re ready to make the leap to owning a main street business, here are some questions to ask yourself:
Questions to Ask When Buying a Business
What Are You Good At?
Pick a business that matches your skills and management style. Do you like hands-on work or managing from a distance? Think about your strengths and how much you want to be involved.
What Do You Like (and What Do You Hate)?
Even if you don’t plan on doing the day-to-day work, the company should match your interests. If you love nature and gardening, consider a landscaping business. Conversely, if you’re terrified of bugs, a pest control company should be avoided.
Did You Check the Numbers?
Before buying, make sure you look at the business’s financial records. Check for debt, see how much money it makes, and make sure there are no hidden problems. Know what you’re getting into so there are no surprises later.
Our team is happy to take a look at the business’ financials to set you up for success!
How Will You Pay for It?
Buying a business can be expensive. Here are a few ways to get the money:
- Bank Loans: Lower interest, but harder to qualify for.
- SBA Loans: Government-backed, with good terms.
- Private Investors: Flexible but may require sharing profits.
At JBS Corp, we work with local banks all the time and know how to connect you to the professionals you need to get your business the money it needs to grow.
How JBS Corp Helps Small Business Owners
Switching from an office job to running a small business is a big change. Our team helps make it easier. We connect you with financing and give you strategies to make your business successful. Whether you’re just starting to explore buying a business or are ready to take the next step, we’re here to support you. That might mean offering our own guidance or connecting you with the right resources.
JBS Corp offers tailored financial solutions based on your business’s stage of growth. Whether you’re just starting out and need bookkeeping services or you’re an established company seeking strategic advisory, we have packages to support your journey. Our tiered financial packages range from basic bookkeeping to advanced financial strategy, giving your business the tools to thrive no matter where you are in your growth process.
Final Thoughts
Leaving a corporate job might sound appealing, but it takes dedication and hard work to make a business succeed. JBS Corp is here to support you and help turn your business dreams into reality.
If you’re ready to take the leap or are ready to grow your business, reach out to us.
