Buyer Readiness Questionnaire

Does your family understand and fully support the TIME commitments you will need to make?

ChatGPT

Completely 100% true; they have signed the pages in the Goldmine book

I told them about it and I am sure they will support it once they get used to it

I haven't told them about it, but I am earning the money and they are going to have to get used to it

I have told them and they understand the opportunity, but they are very anxious and somewhat opposed

Does your family understand and fully support the FINANCIAL commitments you will need to make

Completely 100% true; they have signed the pages in the Goldmine book

I told them about it and I am sure they will support it once they get used to it

I haven't told them about it, but I am earning the money and they are going to have to get used to it

I have told them and they understand the opportunity, but they are very anxious and somewhat opposed

Can you write (or get someone to write) a cashier's check for $20,000 in the next 72 hours

True, I have immediate access

I have a relative or someone who has promised to back me

I have a great credit score and a good job, so I can borrow the earnest money and pay it off

I'm going to buy a business with nothing down

In addition to the earnest money, how much do you have in liquid assets you can turn into cash within 60 days?

Over $75,000

Over $50,000

Over $20,000

I am going to buy a business with nothing down and it will fund itself with its cash flow

How many years of successful experience do you have as a direct supervisor of other people?

Over 5

3-5

1-2

None so far

How many years of successful experience do you have managing others (vs. supervising)?

Over 5

3-5

1-2

None so far

How do you plan on delivering services to the customer?

Mostly I will deliver the key products or service; there is a specialty skill or certification that the employees won't have

Mostly I will deliver the key products or service; I don't want to fool around with training and supervising employees

I will put processes in place so everyone knows what to do and they only come to me with major exceptions

I am counting on delegating! I plan to be an absentee owner and make passive income.

To what degree do your hobbies or personal interests align with the type of business you are thinking of buying?

I would do this for free if I wasn't getting paid for it

I've fiddled with this kind of thing for fun but I am by no means an expert

I don't care what the business does. I'm in it to make money. I have or will hire capable staff to do this work.

Hobbies and work have nothing to do with each other. You have to keep your private life separate from your business life or it will drive you nuts.

Be ruthless with yourself on this one: are you a people person or a loner?

I enjoy interacting with other people and get bored very easily if I have nothing specific to do

I am sociable but I also need time to get on with my work or personal stuff

You can't run a business or sell anything without other people, so it's just part of the job. You do what you have to do.

I am an expert in my field or a master craftsman. I do great work and I don't have to seek people out; they come to me when they want something done right.

What experience do you have with selling anything?

I have sold products or services to paying customers for over 3 years

I have sold products or services to paying customers randomly as part of my other work, with some success

I have never sold formally, but I am willing to give it a try

Selling is sleazy. I will hire someone to schmooze and make up lies so I don't have to contaminate myself with it.

This doesn't have to be in a business setting, and doesn't require a "salesperson" title. It could even be for a non-profit, such as raising funds for a charity. BUT having your mom sell scout cookies for you definitely doesn't count!

Are you comfortable speaking to groups and being recognized in public?

Don't get caught between me and the camera if you don't want to be trampled

I'm a total ham and love to be the speaker

I don't like to show off in front of others but I have made many business presentations, podcasts, webinars, etc. when needed

The idea of public speaking makes me break out in a nervous sweat

Buyer Readiness Questionnaire

You're ready for the adventure!

Looks like you are ready for the business buying adventure! Please select the Send Results to Email button, which will show that you completed this assessment, then go to the Business Buyers page and select the For Qualified Buyers Only button.

That's the Spirit!

Looks like you have the right attitude for buying a business! Still, there are some areas you need to get sorted out if you are going to make a sound investment. Consider reading the Goldmine book, and/or go to the Business Buyers page and check out the Buyer's coaching program so we can plug those holes and get you ready for ownership.

Need to assemble your kit before starting out

Business ownership may be in your future but not until you have the resources and skills lined up. I recommend you read the Goldmine book to learn more about this and see what areas you want to reinforce before investing tens of thousands of dollars. If you are willing to be coached, please apply for the program on the Buyers page of this website.

Let's make sure we're on the right track

Are you sure business ownership is what you really want? If so, please read the Goldmine book to find out what you are getting into, because right now, you seem to be heading for a train wreck. To be honest, I am not going to be able to work with you until you can resolve some of the issues you'll learn about. But if you are the kind of go-getter that would be a good business owner, you'll complete the exercises in Buyer page on this website and then I'll look forward to working with you.