Business Buyer Diaries: the Reality Before, During, and After
<p>Welcome to the Business Buyer Diaries. My name is Nathan Platter, I’m a full-time employee, and I bought a business! I did everything right from finding the deal, handling due diligence on 63 different opportunities, and ultimately buying a profitable gym, and boy was I in for a surprise as a new owner! I chronicle everything in real time, including the biggest wins to the stressful nights at 2am. I’m sharing my journey without sugarcoating anything, so you don’t repeat the same mistakes I do.</p>
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Business Buyer Diaries: the Reality Before, During, and After
370. Closing part 2, you’re more likely to make your fortune as an employee vs owning a business
All right, this is part two to that last episode. My wife called and she was making sure she knew her part on doing the wrap up of this because there's a lot that's going to be going on. But yeah, for folks that say this is easy, this is fun, people make big money. If you own a business, look at the stats. That is a flat out lie. It's something in the ballpark of 80% or so of businesses, the owner makes less than $100,000 a year. You're more likely, I want to say I believe last I checked, you're more likely to make $100,000 as an employee, as you are a business owner. So if you're wanting to make your mark, make your fortune, whatever, you're better off being an employee and then either being a sales rep or being an expert in your craft I'm in data analytics You're better off being a very, very good employee than you are owning a business, and it's way more hours, way more stress, way more riding on your shoulders. And so for folks that are crabby at people who own businesses or whatever, like sorry, the truth is the opposite, that that is reality.
Speaker 1:So all I have to say I'm pulling up to the studio, um, it's go time and um, I'm gonna start doing that. So that's where we're at, that's where we're going. And, um, tonight the Vikings play, so I'm gonna to turn my phone off of access mode. I'm going to put it on hibernate. Do not disturb, I'm going to sleep really well tonight and tomorrow. I hope people don't show up because the place will not be available at 5 am or 6 or 7 or 9 am. That's where we're at, that's where we're going. Let's rock and roll.
