If they cannot find a job, they should buy a business

Many people don't realize that if they cannot find a job, they should buy a business.
How much do you need to buy a business. Normally the down payment amount required is equal to the Net Profit or “Cash Flow” of the business.

Also remember, establishing a good relationship with a professional Business Broker is the secret to finding the right business. Typically the good businesses get snapped up by buyers who have relationships with brokers, so many of the good listings never get to the general market.

Of course you are right Ron, but most people find out that they can't make the decision to take the risk. They've built up their 401k and want to keep it without risk. It's a huge decision and very few can make it. I've noticed it during the process of selling my 83 yr old business. People contact me but when they find out that they actually have to put up money, they get cold feet. I guess all it shows is the reason why very few people can be small business people.

Owning a business is a much lower risk than working for corporate America. When you own your own business you have control of your future. And then when it comes time to retire you have something to sell.

I would also like to add one of the main reasons we American's are afraid to own our own business is because of our educational system. We were taught to work for a fortune 500 company, not to be entrepreneurs. People educated outside of the USA are taught to be entrepreneurs.