Written by Patty Taylor, a licensed business broker- Sage Business Sales
Why Buying a Business Is Still the Smartest Way to Build Wealth
“The fastest path to real wealth isn’t shares, stocks or forex trading—it’s owning and running your own business.”
– Ed Pandavis
If you’ve ever dreamed of running your own business, you’re not alone. For many people, the idea of being their own boss is exciting—but also overwhelming. And if it’s your first time stepping into business ownership, it can be tough to know where to start.
Most new buyers focus on the here and now—what can I afford? What’s available today? But the reality is, buying a business should be about your future, not just your present.
Let’s break it down…
Why Do You Want to Buy a Business?
Most people say:
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To replace a lost income
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To invest savings
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To get their equity working
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To make use of a windfall
But those aren’t good enough reasons on their own. The real reason you should buy a business is because you see potential. You’re excited by the opportunity. You believe in what it could do for your lifestyle, your freedom, your future. That passion is what will carry you through the hard work and challenges that come with business ownership.
What Kind of Business Fits Your Life?
Whether you’re a first-time buyer or a seasoned investor, the right business for you is one that aligns with your experience, your skills, and the life you want to create.
Think about:
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What are you good at?
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What industries have you worked in?
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What do you enjoy doing day to day?
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How do you want your life to look in 5 years?
Your past experiences often hold the clues to the kind of business that will truly work for you.
Back Yourself—This Is How Real Wealth Is Built
Buying a business is a big step—and it’s meant to be. It’s your chance to take control of your financial and professional future.
The right business, with the right motivation, can be life-changing.
It can help you:
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Achieve financial independence
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Grow as a person
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Help others realise their potential
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Create the lifestyle you want
But it starts with being honest about what you want—and having the courage to go after it.
Get Clear on Your Financial Resources
Before you even begin looking at businesses, get your finances in order. Be realistic, and get clear answers to these questions:
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How much cash do you have available right now?
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Do you have shares or assets you could liquidate easily?
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What’s the typical Loan to Value Ratio (LVR) banks allow in this industry?
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Will the bank consider equity in other properties?
Still unsure? Call a commercial financial broker—they’ll give you the answers quickly.
Procrastination Is the Real Deal Breaker
Let’s be blunt: 90% of people who inquire about businesses never buy one.
Why?
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A third don’t have the funds
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A third don’t have the capability
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And the final third are what we call tyre kickers—they look forever but never act
Looking for the “perfect” business can keep you stuck in research mode forever. The longer you wait, the more opportunities you miss.
Don’t shop yourself into indecision.
Focus on what’s right, not just what’s wrong. Almost every business can be improved—but not if you don’t own it.
Start from Scratch or Buy a Business?
You’ll hear it from friends, family, even some professionals:
“Why buy someone else’s business? Just start your own!”
And yes, it’s true—you might be able to do just as well. But here’s the reality:
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Most new businesses fail within the first 3 years
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Even with the best ideas, success is never guaranteed
Buying an established business means:
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Proven track record
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Existing customer base
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Staff, systems and infrastructure in place
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Immediate cash flow
That gives you a huge head start—and a better chance of success.
Forget Perfect. Focus on Good.
Let’s talk honestly: the perfect business doesn’t exist. If it did, everyone would want it, which would drive the price sky-high and make it completely unaffordable.
Instead, commit to this mindset:
“I will find a good business within 6 months.”
A good business is one that:
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Matches your skills and lifestyle
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Has a steady, reliable income
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Has areas where you can add value
Final Thought: Choose a Business That Fits You—Not Just Your Wallet
The right business is out there, but it’s not about finding something flawless. It’s about finding something that makes sense for you—financially, professionally and personally.
If you’re ready to take the next step, speak to an experienced business broker who can guide you through the process and help you make the leap from dreaming to owning.
