Business owners thinking about selling their business and prospective entrepreneurs thinking about buying a business now have a new resource. Missouri Western’s Craig School of Business’s Center for Entrepreneurship (CFE) recently launched a website that connects existing business owners wanting to sell their business with prospective buyers.
The Business SUCCESSion website, csb-cfe.missouriwestern.edu/biz-opps, is essentially an electronic bulletin board of businesses available for sale, according to Annette Weeks ’87, director of the CFE. Owners interested in posting a business for sale can complete the online submission form. The website then posts the business-for-sale notice, and interested buyers can contact the CFE for more information and assistance.
“It’s part of the CFE’s mission to promote succession planning and keep small businesses open while making opportunities available for new entrepreneurs,” Weeks said.
She said buying an existing business is a great option for new entrepreneurs because they already offer existing income, clients and structure.
Alyson Thompson, new owner of Fantastic Fido’s agreed.
“Going into business, buying or starting from scratch, is not for the faint of heart. But, I think buying an existing business is a fascinating opportunity; it gives you the unique leverage of a captive audience in the form of the current customer base, along with the task of reaching a new audience in order to grow the business.”
Along with the business opportunities, the new website contains stories of successful entrepreneurs, CFE news and resources.
The CFE, trains, mentors and supports business owners and entrepreneurs in the St. Joseph area.