This week, I want to tell you an incredible story of entrepreneurship involving the Washburn family of Talihina, Oklahoma. It is a beacon of success for anyone who is thinking about buying a business.
We received the following letter last month from Tim Washburn. It is one of the most heartfelt notes we have ever read.
“I just wanted you to know you helped save my family's bacon. You may not remember me but I purchased your book "How to Buy a Good Business at a Great Price." My wife and I have a totally disabled child and therefore Mary couldn't go out and get just any job. We were not making ends meet and it looked like we were going to have to make some very dismal choices for our family of seven. I told her to give me a month and if I couldn't find anything for her to do at home to make money, then we could look at these less-than-desirable choices.
I read your book from cover to cover in three days and followed the procedures. In a month and a half we bought an internet coffee business. Mary has been working it and couldn't be happier. We have the extra income that our family needed and it has lifted her self-esteem immeasurably.
I owe you a huge debt of gratitude because your book gave us an avenue that kept our family together by providing us with an additional resource for income that kept the bacon coming in.
Your book, Richard, really works and I was desperate. I know that if I had to again buy a business that I could (it was my first attempt at a business transaction and I don't have a business mind). I simply followed the clearly laid-out procedures and got a business and paid 25% under the asking price.
I hope you read this and remember me and I hope this makes your day.”
Tim Washburn - Coffee, Tea & Spice - Talihina, OK – www.coffeecoffee.com
I know many of our newsletter readers have never owned a business before. So, after having purchased ten of them myself, let me share my overriding business philosophy and a strategy that has made me a lot of money and will serve you well - I promise.
If you make it your company’s mission to really help the people who walk through your doors, then I guarantee that the profits will follow.
Tim’s letter proves two things: First,
Second, although we receive a constant flow of letters from people that our materials have helped, the impact of our program on the Washburn family validates everything that we do. It goes way beyond the profit – there is nothing more empowering than being able to significantly and positively impact someone’s life.
Take a moment and visit Tim and Mary’s website: www.coffeecoffee.com. They have some incredible tea and coffee products – treat yourself – you deserve it! Or send someone a small gift. I ordered some of their products and they are terrific.
This article represents a fraction of what you’ll learn on this topic in the How To Buy A Good Business At A Great Price© series - the most widely used reference resource and strategy guide for buying a business. To learn more click here
One of the biggest problems with small businesses is that often times, the owner does everything. When these businesses are for sale, it is common to identify them as ones where thContinue Reading >
The business for sale market has always had one consistent trend regardless of the overall economy. When a solid business, with provable financials, that can be operated by a wideContinue Reading >
There is an industry understanding that only around one third to fifty percent of all businesses listed for sale actually get sold. This figure is not one that business brokers wilContinue Reading >