Young Entrepreneur Forums  
en·tre·pre·neur –noun Entrepreneur, translated from its French roots, means "one who undertakes." The term Entrepreneur is used to refer to anyone who undertakes the organization and management of an enterprise involving independence and risk as well as the opportunity for profit.
Find Qualified Vendors
 

Welcome to the Young Entrepreneur Forums

   
NBTL vbBux / vbPlaza NBTR

Find Business Partners Get Involved in Startups Commercial Real Estate Startup Jobs Find Business Opportunities


Young Entrepreneur Forums » Business Start up phase » Startups » Need advice: thinking of buying a business



Reply
 
LinkBack Thread Tools Rate Thread Display Modes
Old 05-12-2008, 10:09 PM   #1 (permalink)
Junior Member
Activity Longevity
0/20 1/20
Today Posts
0/0 ssssssss3
Total Points: 330.45
Need advice: thinking of buying a business

I'm 25 and I've been saving up for a few years. I have a good amount of money saved up and I feel that I'm ready to make an investment in purchasing a business. I currently have a great paying job and excellent credit, but feel as though I want to try venturing out into something else. I've been thinking about investing in a self automated car wash business. Since everything is automated I can still keep my job and just spend a few hours a day after work at the car wash and apply myself full time if needed on the weekends. It seems like this would just be a perfect way to make some extra cash on the side.

I have a good friend who also has a full time corporate job and is partly interested. Would it be a good idea to partner up as it'd be easier allocating time between the two of us for maintaining the business?

What are some things I should look out for when purchasing a business?

Can anyone offer any advice specifically or generally in this type of business?
Cfused is offline  
Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Spurl this Post!Reddit! Wong this Post!
Reply With Quote
Reply


Thread Tools
Display Modes Rate This Thread
Rate This Thread:

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Navigation
Register! - Join Now - It's Free
Registration at YoungEntrepreneur.com is completely free and takes only a few seconds. By registering you'll gain:

- Full Posting Privileges.
- Access to Private Messaging.
- Optional Email Notification.
- Ability to Fully Participate.

To Register now click here
Quick Register - It's Free
User Name:
Password:
Confirm Password:
Email:
Confirm Email:
Birthday:  
Check to Agree with the forum rules. 
Need Business Services?
Looking for Quotes?

LFQ

Choose a category:

Latest updates from the YE blog!
Premium Memberships
We will soon be offering a Premium Membership with added benefits and access to exclusive services, support and solutions. To be informed on when this launches click here
Forum Sponsors


Legal Forms

Click here to inquire about advertising
LinkBacks Enabled by vBSEO 3.1.0
Powered by vBulletin® Copyright ©2000 - 2008, Jelsoft Enterprises Ltd.
Copyright 2007 YoungEntrepreneur.com Inc. / YoungEntrepreneur.com : Entrepreneur Marketing Forum