[olug] OT: Purchasing a Business?

[roger schmeits]

Run not walk to Better Business Bureau.  They have wealth of info for
small business owners.

Check at the State Level at what is availble. grants loans. etc.

Since your wife is a woman (duh roger) she should be able to qualify for
minority status  when in comes to loans. something like that.

Again contact Better Business bureau. Your best bet and may lead you to
other leads.




On Mon, 2002-10-21 at 10:40, Eric Penne wrote:
> I was approached today by my wife's former boss.  She owns a daycare
> and is fed up with personnel issues and administrative tasks.  She dug
> her own grave on this one so I don't feel sorry for her.  The personnel
> issues were magnified when my wife quit.  That left 3 employees
> including the owner and she was the only competent one. Previously (10
> months ago) she had talked of selling the daycare and my wife and I
> expressed interest in purchasing it.  AFter my wife quit, I forgot
> about the whole issue, except minor updates from a coworker who has a
> kid there saying things were getting worse.  
> 
> Now the daycare is coming up for sale again with my wife and I being
> the first candidates.   I've never done this before and from what I've
> seen from the books, we can double my wifes current income and pay for
> some of the bills.  THis would make my current job searching plight
> less stressful.  What questions do I need to ask about (or any)
> business when purchasing?  What kinds of help are available for small
> businesses?  If my wife is the owner is there more help available for
> female owners?
> 
> I know this is wildly off topic for the OLUG list, but I know some of
> you run your own businesses and/or have purchased them.  
> 
> To help make this more on topic, I can add that I would use linux as
> the business backend on the desktop even if I have to run CodeWeavers
> and Quickbooks. :)  This could lead to more stuff I contribute to the
> OLUG website.
> 
> Eric
> 
> 
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