Should you start a business from scratch, buy an existing one, or invest in a franchise?
Should you start a business from scratch, buy an existing one, or invest in a franchise? In this episode of the Score Houston Podcast, host and SCORE mentor PV Bala talks to Jeffrey Jones — President of Advanced Business Brokers, certified business appraiser, and a SCORE mentor with over 35 years of experience helping entrepreneurs buy and sell businesses in the Houston metro area.
Jeff shares insider knowledge on:
· Why buying a business is statistically safer than starting one (90% of startups fail vs. 70% success rate for acquisitions)
· How business valuation works — from tangible assets to discretionary earnings and EBITDA multiples
· SBA loan requirements, seller financing structures, and how deals actually get funded
· The role of confidentiality in business transactions and why brokers are essential
· What corporate professionals transitioning to entrepreneurship should consider
· The Houston business landscape — from restaurants to B2B service companies
· Red flags to watch for in financial statements during due diligence
Listen to podcast here.
Whether you're an aspiring entrepreneur, a corporate executive exploring business ownership, or a SCORE client looking for guidance on your next move, this conversation delivers decades of real-world brokerage experience in one episode.
