Is now the time to buy a business?

Before we answer this question, lets look at some facts:  

The US economy has been in recession since December of 2007.  The housing market and banking industry have imploded.  The unemployment rate is hovering around 10%.  Consumer spending is down.  Consumer confidence is down.  Corporate earnings are down.  And you guessed it... personal earnings are down as well.  

So is now the time to buy a business?  The real answer...  There will never be a right time to buy a business, regardless of the state of the economy.  Why?  Because you can always talk yourself out of making that move for one reason or another.  It doesn't depend on economic data, market forces, or world unrest.  What matters is how committed you are to the process of being a business owner.

All successful business owners will tell you of a time when they stood at a crossroads, faced with a decision of moving ahead, or retreating back into the crowd of loyal employees.  They weren't scared by the media doom and gloom or the constant borage of negative reports.  These people found a way to be successful despite the circumstances and they continue to grow their ideas and their business.

-Trevin Rasmussen