Why Would Sellers Want To Finance a Deal & Carry Seller Financing?

What Motivates You To Buy A Business? (Money Or Freedom?)

By Russell Bowyer

If your motivation to buy a business is because you hate your boss, and if you’ve just had a situation with your boss, that frustrates the hell out of you…double down with your efforts, to find that business you’ve always wanted to buy.

What motivates you to buy a business might be that you hate your boss, or that you want to make more money than you do at present, or to have financial freedom. To keep your buying a business journey moving forward, focus on what you want, and not on what you don’t want.

Use the energy of your “hate” emotions, and turn these negative emotional energies into positive energy.

By doing this, you’ll be able to focus on what you want, and not on what you don’t want. This will be your fastest way to success.

If you keep focusing on the wrong thing, which in this case, is how much you hate your job or how much you hate your boss, which is of course what you don’t want, you’ll remain stuck, and you’ll never move forward.

But if you use your frustrations, as your driver to drive even harder to your goal, this will mean you’re more likely to succeed!

On the other hand, if your reason to want to buy a business, is because you want to make more money than you already make, and if you feel frustrated because you “can’t afford” something. Don’t say those four words; “I can’t afford it”, and change what you say to “how can I afford it?

Words are more powerful than you think, the words you use will either keep you stuck in your current situation, or they’ll help propel you to your new you!

I think you get the idea.

You may have other reasons, why you want to buy a business, or drivers that I’ve not included, but whatever your driver is to buy a business, the same principles apply.

Don’t focus on what you don’t want, focus on what you do want.

Imagine for a moment, trying to drive a car, whilst looking in the rear view mirror. Difficult, right? Impossible; maybe not? Dangerous, yes absolutely!

But it’s far easier, and quicker, if you drive a car by looking through the windscreen. You can see where you’re going, and you’re better able to navigate any obstacles in your way.

I always say, where there’s a will, there’s a way. If you want something badly enough, you will find a way.

People say, you can’t buy a business with seller financing, people tell you the only sellers who offer seller financing, are those sellers whose business’s are troubled businesses, or businesses in financial distress.

This simply isn’t true.

I agree it’s not that easy to find the right business, with the right motivated seller, in the right area.

Finding a business to buy that ticks all the boxes, isn’t going to be easy, because if it was, everyone would be doing it.

If you want to be different, you have to be different, or you have do to things in a different way to how everyone else does it.

If someone tells you, that something can’t be done, ask them why that is so. Ask them if they know it can’t be done, because that’s their opinion, or, if they’ve tried and failed to do it themselves.

But assuming it’s not because it’s just their “uneducated” opinion, why they think it can’t be done, it definitely doesn’t mean it can’t be done.

For example, in the 1950s, it was commonly thought that running a mile in less than four minutes was impossible. However, Roger Bannister shattered this belief in 1954 when he ran a mile in 3 minutes and 59.4 seconds.

Runners who tried and failed before him would have said it can’t be done. But as we know from history, this simply isn’t true.

I hope this inspires you to keep pushing with your dream to buy a business, as dreams do become a reality, if you believe you can do it, and if you take purposeful action, you will find a business and buy it.

If you have any questions on this topic about buying a business, or on any other aspect about the process involved in buying a business, please drop a comment below.

And always remember that no question is a stupid question, if you don’t know it, you don’t know it, and by having the answer to a question you have, might be all it takes to move to the very next step in your journey to buy a business.