Short YouTube monologue (Mark Evans DM, May 3, 2024) arguing that most people should not buy a business because while buying is easy, the hard parts are managing, growing, and protecting it. The speaker emphasizes liabilities, responsibilities to employees and their families, risks to investors, and urges listeners to avoid recklessness and be smart.
You should not buy a business. I know it goes against everything everyone's saying right now. Why? Buying a business is easy. Managing it, growing it, and protecting it is the hard part. Go hire an employee. Hiring someone is easy. Managing them is the hard part. Making sure they're creating revenue is even harder. The truth is, most people are saying, I'm going to buy a business. It's a distraction, not an opportunity for the majority of the people. Not only that, you're putting yourself in liability. You're getting your investors possibly in massive trouble against you. And then you got to understand, this is a huge responsibility to you as a buyer. When you take over a company that has 10, 20, 30 employees, you are responsible for their families. Are you prepared for that responsibility? Don't be reckless. Be smart.
