CHAPTER 2

Is Entrepreneurship Through Acquisition for You?

Is buying a small business right for you? We think that entrepreneurship through acquisition is an extraordinary professional opportunity—but it’s not for everyone. While it can yield professional achievement, independence, and financial success, it also takes time, energy, and sacrifice. You’ll also need a bit of common sense and business acumen. To decide, you should understand the challenges and the rewards that come with this career and what the everyday work is like.

You don’t need to have owned a company before to follow this path successfully; most of the entrepreneurs we’ve studied were first-time business owners. And you don’t need to be personally wealthy, because you’ll raise ...

Get HBR Guide to Buying a Small Business now with the O’Reilly learning platform.

O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.