When I was recently looking for an accounting or some other small business for sale, I was researching many types of businesses. But there were so many factors that needed to be considered with each type of business.

If you are going through this exercise of buying a business, here are a few questions you should ask:

• What type of product do you sell? Do you have sufficient knowledge of the product? How much competition is there?
• What permits and licenses must be in place? What rules, codes, and regulations must be met regarding safety, pollution, and quality control issues.?
• Where should your facilities be located and what type of financial arrangements should be made to obtain the facility?
• What type of equipment is needed for your facility?
• Do you need employees and how should you hire them?
• How will your products be produced, distributed, and shipped?
• Will you continue to look for new products and improvements to current products? Is there a need for a research and development department?
• Will your products be in demand in the present and coming economic environment?
• Do you need financing to buy the business?

The list is endless. I’ll have to say that all of this was not what I had in mind.

Although I have considerable experience in mergers and acquisitions, I simply didn’t want all the headaches associated with buying a small business for sale.

I wanted to make money quickly. I wanted to focus my efforts on the income producing activities of marketing my business. I did not want to spend a ton of money to buy a business.

The condition of the economy was one of the main reasons for my deciding not to continue looking for an accounting or any type of small business for sale.

At the time, I had some concerns about the future of the economy. But I was not aware of the major downturn that was on the horizon.

Today, I would make the same decision. We all know how our economy is struggling. Despite a few positive signs (some green shoots), unemployment remains a serious problem. Household consumption is depressed at a very low level. In my opinion, this is not the time to be starting a new business.

I decided to invest in a very professional internet marketing business. It has many advantages over buying a small business for sale.

The product line is in place. There is no concern about permits, licenses, etc.

The company handles all employees, shipping, research and development, and customer service.

My business is not hurt by a declining economy. In fact, this economic environment helps direct sales businesses, such as the one I joined.

Although there is a cost associated with investing in this professional internet marketing business, the cost is a fraction of what I would have spent for a small business for sale.

I wanted my business to be profitable immediately. I was able to accomplish this through my business.

My business markets financial education products. However, it does not provide investment advice.

But, it does make very clear its assessment of the global economy and where it sees the economy headed.

So when the housing market tanked, the banking industry collapsed, and the stock market fell off the cliff in 2008, I was fully prepared.

I am writing this article on Monday morning at 11:00AM. I am sitting on my screened porch enjoying the nice view of my back yard. Most of my morning has been spent reading and doing some writing.

I don’t worry about when I can take a lunch break. I’m not concerned about what my boss wants me to do. My daily schedule is based upon what I want to do.

Don’t get me wrong. I work very hard in my business. But I feel complete freedom. If you would like to learn more about my business, you can check out your guide to abundant wealth.

Scott Hubbard has retired from 25 years as a Chief Financial Officer in Corporate America. He now enjoys teaching corporate professionals and network marketers how to apply attraction marketing online.

Feel free to call him toll-free at 877-878-4036 or email him at ScottHubbard5@msn.com.