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7 Comments

  1. Oregon has recently passed a law allowing a spouse or family member to declare to law enforcement that you are either mentally unstable or have a criminal intent and your guns can be seized without further ado. I would assume that this law provides an opportunity for spouses and former spouses to seek revenge AND to gain leverage in a divorce. So no doubt this will catch and punish far more innocent people than it will those who might be a danger.

  2. Great info and advice on buying a business.
    As far a competing with existing businesses, good advice except when in the construction trades. There’s always room for competition in the trades, and people are always open to new contractors, especially in areas where there hasn’t been any competition for a while.
    (I speak from experience)
    But, I wouldn’t move to a small town in the redoubt with a 25 man building crew. On your own, or maybe with a helper, and you’ll have more business than you can shake a stick at!
    Keep it small and grow slowly.

  3. On businesses in the Redoubt I’ve found a lot of older people that own businesses have a hard time selling to someone they don’t know because of their love for what they do and they don’t want to see their life’s work be driven into the ground and their clients hurt…The best thing I’ve found is if you want to buy or take over a business you need to come and work for that owner for at least a year if not two or three to get to know the owners and the clientele…If you are a solid person then you will have the opportunity to purchase the business and they will probably give you a screaming deal or the very least finance it for you at a low interest rate…I’ve put it out there before that I am willing to help anyone that is a decent person looking to relocate to my area here in the Bitterroot that wants to live a life of Liberty…

  4. And make sure you pick a business you already know, and well. The fastest way to go bankrupt is to buy a business because it sounds cool thinking you will figure it out along the way. Speaking from experience …

  5. I am going to disagree here with JWR. For most people buying a business means taking on a huge level of debt. Debt is rarely good, especially when most of our outlooks tend to think that 15-30 years (the amount of time most will carry that debt) do not look too promising financially. Most small businesses extremely over value their worth to begin with, as much of their intellectual property is between their ears and it would take ears to get it out. Also their clients are often more personally loyal and company loyal.

    Start small, with no debt and build small. Take the long view and the narrow path.

    If you disagree with me though I am more than happy to sell you my business at three years of very good earnings, sign a noncompete clause for within 100 miles and even include the well set up survival property the business is run from. But I want cash because there is no way I’m going to give terms when so many small business owners fail, especially when you put it over the backdrop of the economic times we live in.

  6. I’ve been operating as a contractor in Eastern WA and North Idaho for the past 25 years. Competition is just part of doing business. I have managed to make quite a decent living doing it. I love the travel back and forth and up and down both states and have many clients in small towns and villages in both States.. I have worked and built wonderful relationships in Troy, Deary, and Bovill ( any of those small towns sound familiar? ) wonderful God fearing, honest people in those towns. I just finished a remodel in Moscow this winter, and will be headed back to Deary this spring to do some work for a guy who just moved from a big ugly city back east. It’s doable folks, I’m proof..and its a wonderful area to live and work.. I wont even go into the world class hunting and fishing, Shot my Elk just outside of Bovill this year.. I cant wait to fish the blueback kokanee this summer at the dworshack, I hear there is no catch limit!.. being in business doesn’t always mean brick and mortar.

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