This week I had a lot of fun learning about acquiring businesses and thinking about having a family business someday. Ever since I decided to become an entrepreneur I have wanted to have a business where I could create jobs for my kids. I think it would be so awesome to be able to give my kids and job and teach them to work hard and think hard.
I used to think of buying a business as being out of reach and something that I would have to wait until later in life to do. Now that I have learned more about the process and various ways to find financing I think that it might actually be one of the better options I may have. I would love to find a business or franchise to buy that wouldn't cost a great deal of money. It would be really nice not to have to build a business and its customer base from the ground up. If I bought a business then the equipment, employees, client list, and processes would already be in place. I think I would enjoy improving an existing operation more than creating an entirely new one. Especially as a young and inexperienced business owner.
Still no progress on the $100 challenge. I have given up on it since it is now so close to the end of the semester. It just is not a good idea for the Rexburg area. I would still really like to try it in a more urban environment though. I think it would be really fun to run errands for people and get to know the city really well.