Why Being a Business Owner Is Better Than Having a Job
who has done lots of business sale transactions and especially an attorney who has worked in their industry, not a generalist attorney. You don’t want to hire an attorney who does estates and wills to represent you in the sale of your business, which is your livelihood, and to go to school on the selling of your business, no more than you would hire a foot doctor to work on treating you for cancer. I always try to make sure when I work with a buyer or seller that they have an attorney who has worked in the convenience store industry, knows the nuances of the industry, and is a deal-maker attorney. At American Business Brokers & Advisors, we know many excellent attorneys who understand the convenience store industry and are well-versed in closing the sale of a business. If you find yourself in a situation where you may need an experienced attorney, feel free to contact us regardless of where you are located, as we work nationwide. however, may continue on without you having to be at the business 100% of the time because it has long legs, meaning it continues to be in business and continues to grow. Plus, you can build something that gives back to your community, creates jobs, and can even be passed down to future generations. While entrepreneurship involves risk and hard work, the rewards are freedom, financial upside, and a lifestyle that makes it a powerful alternative to traditional employment. For those with the vision and drive, owning a business can be not just better than having a job, but an opportunity to find your inner drive and help a lot of people along the way. 4. LONG LEGS A job typically ends when you clock out or retire. A business, 2. CONTROL AND FREEDOM Business owners call the shots. You choose your working hours, your team, your clients, and even your dress code. This autonomy allows for better work-life balance and the flexibility to pursue passions outside of work — a luxury many employees don’t enjoy. 3. PERSONAL GROWTH Running a business forces you to wear many hats — marketer, strategist, leader, and more. This constant learning accelerates your personal and professional development in a way most jobs can't match. The challenges of entrepreneurship foster resilience, creativity, and confidence.
Many people dream of breaking free from the 9-to-5 grind, and for good reason. While a traditional job offers stability and predictability, being a business owner often brings greater rewards, freedom, and personal satisfaction. 1. FINANCIAL POTENTIAL One of the biggest advantages of owning a business is the potential for higher income. As a business owner, your earnings aren't limited to a fixed salary. Instead, your income is directly tied to the success and growth of your venture. With the right strategy, you can scale your profits beyond what most jobs would ever offer.
months because each attorney was trying to outsmart the other attorney by changing words in the purchase agreement that basically meant the same thing. This is what we call “wordsmithing” a document. Sometimes, attorneys do this to justify their existence, sometimes they do this to increase their fee, and sometimes they do it to try to look smart. If you are not cognizant of what the attorney is doing, they will continue doing it for a long time, which does nothing but delay the transaction. Be aware of the wordsmithing attorney. Legalman has lots of tools in their repertoire to use against their clients, like “I am protecting my client,” or giving business advice about something they know nothing about, continuously sending redline documents (aka wordsmithing), blaming third-party vendors, and, the best one of all, “I am really busy.” In the defense of Legalman and a lot of attorneys, it is very difficult to know everything about the many different facets of the law that would apply to the convenience store industry, which is why I always suggest to my clients — whether they are buyers or sellers — to find an attorney ... continued from Cover
–Terry Monroe
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