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@flyingforjesus Right now, I am just hording money in my work, but I am going to do a search next year since I really want to buy a business and I have been looking at market and also trying to learn how to run one. I don't want to start something from scratch since I think it's a lot riskier...

@flyingforjesus But that is what I don't understand about your logic, when you want to retire, lets say you can hypothetically sell your business for 1mil with 30% seller financing or 500k cash or just close up shop. Isn't best action for you and your employee would be to sell it for 1million...

@flyingforjesus Then you would not get any value from your business, you want to retire someday, don't you? It's not like a house, value of the house is physical asset, value of business is mainly based on past performances. It shouldn't be completely cash upfront but if buyer and seller...

@flyingforjesus Then you would never sell, only 20% of business are sold in USA, rest of them fold. It needs to be co-operative transaction. From buyer perspective, why should he assume a huge recourse loan on all his assets buying a business that all the numbers might have been...