[olug] OT: Purchasing a Business?

[Cameron Hill]

At last something I know enough about that I can respond. The group in most
cities called S.C.O.R.E. is a group of retired executives that as a service
to the community help people with good sound advise and help with grants and
low interest loans as a part of the SBA. They are very helpful.
Cameron
----- Original Message -----
From: "roger schmeits" <schmeits at clarksoncollege.edu>
To: <olug at olug.org>
Sent: Monday, October 21, 2002 10:41 AM
Subject: Re: [olug] OT: Purchasing a Business?


> 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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