Top 5 Reasons to Choose a Business

20 under 40 headshot - 2013I’ve been a business owner my whole life. I owned one of the first web development firms in San Luis Obispo. I started what later became the second largest virtual tour company in the country. I sold that to what is now the second largest newspaper group in the country, and got a chance to try my hand at the newspaper business.

I grew an IT company from 15 employees to 40 in less than 2 years. And I’ve provided consulting to countless business owners over the years. Bottom line: I’ve seen a lot. People often ask me what key factors I look at when considering my involvement in a business, so here they are:

1) Risk vs. reward

What do I get for my sweat equity? Can I turn a little money – and a lot of hard work – into more money?

2) What’s the income potential?

Can this make me the kind of returns I want?

3) Recurring income

Do I have to fight for income each month, or do I build up recurring income the longer I work at it?

4) Am I excited to be a part of it?

I love technology, I love helping business owners. I want an excuse to NEED the new iPhone.

5) Freedom with my time

Do I have to open my doors each day at the same time? Can I take a vacation without the business falling apart?

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