There's opportunities for the right person out there, I've seen it a few times - young man (or woman) who wants to run a farm or rural business or whatnot, either marries into the family or becomes "basically adopted" and inherits the business or farm.

You have tons of businesses that are viable (produce enough money to support a family) as long as you never load it with debt; because they do NOT produce enough to support a family and the debt load that would come from buying it.

So they're unsaleable.

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gopher_space 4 days ago | parent [-]

> You have tons of businesses that are viable (produce enough money to support a family) as long as you never load it with debt; because they do NOT produce enough to support a family and the debt load that would come from buying it.

I've been thinking about this situation as "the bakery trap". The labor dimension here is that the best possible career move for the person you've spent the past n years training is to immediately leave once they've mastered your hot-cross bun recipe.

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bombcar 4 days ago | parent | next [-]

"The E-Myth" books talk about this (which is the worst name ever because the E is Entrepreneur not E as in email or emachines lol) - many small businesses are NOT small businesses, they're a job you own, and you can't sell a job.

	▲	prawn 3 days ago \| parent [-]
		First accountant I met with a year or so after a friend and I started our business 25+ years ago said: you guys don't have a business, you have a paid hobby. Jokes on them because it's even less of a business now.

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4 days ago | parent | prev [-]

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