101 Side Business Ideas and How to Start Without Quitting Your Job
Buy an Existing Business
Why start a new business when you can buy an existing one? Purchasing an existing business can mean stepping into the task of managing a working enterprise rather than having to build it from the ground up — something that might be a lot easier if you decide to keep your 9-to-5 job.
“While holding a full-time job at Procter & Gamble, I bought a small dog day care and boarding business,” said Derek Christian of Handyman Connection. “An existing business has clients, revenue and, importantly, employees. I did not need to be involved in the day to day and could concentrate on growing my business. There are many small businesses for sale for less than $50,000.”