For a long while now I've toyed with the idea of running my own business, but due to a lack of imagination can't come up with an idea I believe in enough. I know that it's just a matter of picking something (ie not wait forever for that 'killer idea'), but I just can't.
So I've decided to buy a business that's up and running, and now I'm trying to figure out how to find one. I've come across various websites that purport to sell businesses ( eg http://www.simple.ie/ ) but can't really see anyone buying a business this way. I've come to the conclusion that the best way is to:
1. Look at businesses gone into liquidation recently (but how do you find these?)
2. Talk to accountants / solicitors who might have clients on their books who are interested in exiting their business.
I have about €300k to invest, and have a willing friend who'd probably go in for the same amount.
All thoughts / help much appeciated.
So I've decided to buy a business that's up and running, and now I'm trying to figure out how to find one. I've come across various websites that purport to sell businesses ( eg http://www.simple.ie/ ) but can't really see anyone buying a business this way. I've come to the conclusion that the best way is to:
1. Look at businesses gone into liquidation recently (but how do you find these?)
2. Talk to accountants / solicitors who might have clients on their books who are interested in exiting their business.
I have about €300k to invest, and have a willing friend who'd probably go in for the same amount.
All thoughts / help much appeciated.