Business people working around table in office

Buy A Business

by with No Comment Buying Businessescash flowFinancial independenceWomen Entrepreneurs

I have been looking for an established, successful, cash flowing business to buy. I am looking for something that is at least 10 years old, has at least 10 employees and one that I can grow. I would prefer something in home services that can help to support my rental properties. I am mostly looking at Idaho, Nevada and Utah (all driveable from my current home). I’m also interested in Texas.

Been looking for months. Finally found something that fits the bill and I’m pretty excited about it. There is an offer in on it already. I will have to raise the capital to buy it so the time lag there may hurt me. I feel like even if I don’t acquire this business, I can still be excited about the fact that this signals to me that the thing I am looking for is out there.

Why do I want this? Because I haven’t had a W2 income in many years. As an investor/entrepreneur, my income is sporadic and uneven. As a result, my access to leveraged capital is limited. Owning a cash-flowing business will give me a stable cash flow to show lenders and that will open the doors to many more opportunities for me.

Up to now, buying businesses has been a male-dominated sport. Lately I am seeing more women getting into the game. I want to pave the way for more women to take an interest in this as a path to financial independence.

The Importance Of Financial Literacy

by Financial independenceFinancial LiteracyHow Money WorksSuccessWomen Entrepreneurs

Understanding how money works is important for everyone, but it is particularly important for women entrepreneurs for several reasons.

First, women have historically faced systemic barriers to accessing financial resources, such as limited access to funding, lower credit scores, and discriminatory lending practices. Understanding how money works can help women entrepreneurs navigate these challenges, build strong credit histories, and access the capital they need to grow their businesses.

Second, women entrepreneurs are often underrepresented in business and financial leadership roles, which can result in a lack of mentorship and guidance. By understanding how money works, women entrepreneurs can take control of their finances, make informed decisions, and advocate for themselves in financial negotiations.

Third, financial literacy is a critical component of business success. Understanding financial statements, budgeting, and cash flow management is essential for making strategic decisions, attracting investors, and growing a profitable business. Women entrepreneurs who understand how money works are better equipped to navigate the financial complexities of running a business and can set themselves up for long-term success.

Finally, understanding how money works can also help women entrepreneurs achieve financial independence and security, which can have a positive impact on their personal and professional lives. By managing their finances effectively, women entrepreneurs can create more opportunities for themselves and their families and build a strong financial foundation for the future.