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An Unconventional Path for Entrepreneurs: Startup isn’t for Everyone [New York Times]

But the Higginses are part of a growing trend: people with an entrepreneurial bent who are not inclined to start their own businesses. Rather, these people look to buy small to midsize companies — often family-owned firms that are being sold by the founder — and help them prosper.

Interest in this area is growing, experts say, for a number of reasons. First, baby boomers who started their own businesses — and who do not have children or successors — are ready to sell and retire. Additionally, money is easier to borrow than it has been in the last several years.

While it is not as risky as a start-up, it is not as safe as going the corporate path.

The option appeals to people who “want to be their own boss, help build an organization and be part of a community,” Professor Yudkoff said. And unlike working in a corporation, he says, it draws those who want to deal on a daily basis with people who are quite different from themselves.

Curated from “A Path for Entrepreneurs, When a Start-Up Is Not the Goal

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Gresham Harkless Jr.

Gresham Harkless is a Media Consultant for Blue 16 Media and the Blogger-in-Chief for CEO Blog Nation. CEO Blog Nation is a community of blogs for entrepreneurs and business owners. Started in much the same way as most small businesses, CEO Blog Nation captures the essence of entrepreneurship by allowing entrepreneurs and business owners to have a voice. CEO Blog Nation provides news, information, events and even startup business tips for entrepreneurs, startups and business owners to succeed.

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