Take control of your future income and give yourself a pay raise!
How much money do you make at your job today? How much money do you wish you made at your job?
For most people, the path to get from where you are today to where you want to be in your job pay can be painfully long. It probably means doing things like:
– taking on more responsibility
– putting in more hours
– furthering your education and taking on more school debt
– jumping through a bunch of hoops to climb the ladder
– getting a better job with a company further away
In other words, you have to put in a lot of work for people that may not necessarily see the value in what you’re doing, in hopes of getting a raise so you can make what you think you’re worth!
It’s a lot of work getting a raise. Or I should say, it’s a lot of work to take a chance on getting a raise.
When you own your own business, getting a raise can be a lot of work as well. Sometimes it can be easy, but my experience has been that you are probably going to have to put some work into it.
However, in your own business, the path from where you are today to where you want to be can be much shorter, with less work, and you can maintain all the control over it. That is a much better scenario than leaving it up to others to hopefully recognize your contributions.
By having a fundamental understanding of the business activities that go on in your business that create profits, you can more easily plan and execute on a plan to increase those activities.
To make matters better, when you purchase an existing business that has already been profitable for years, identifying the activities that will increase your sales and profits has probably already been done for you. It’s not uncommon for business owners, especially older ones, to know what needs to be done to grow their business. Even if they aren’t doing it themselves.
They’ll often make remarks like “I just don’t have the energy to do the work…I’ll leave it up to the next owner…” or “I’m comfortable where I’m at and don’t want to grow, let the next owner do that!”
They are literally handing the next business owner a money-making machine that can make even more! And since the growth profits haven’t been realized yet, as the buyer you don’t have to pay for them when you buy the business!
What could be better?
p.s. If you would like to work with me to learn how you can buy a small business and instantly replace your job income, I have openings in my How to Buy Your Next Job Private Coaching Program. You can learn more by going to thebusinessbuyingcoach.com/privatecoaching