In my last post I discussed the definition of a true asset and noted that businesses are a type of asset that can produce income for physicians.
Great, you say, but how do I develop or buy a business?
Well, there are numerous ways to purchase or develop a business, but one avenue that I doubt many physicians consider is the use of business brokers.
Business brokers are companies that help match business owners with potential business buyers. Even if you're not currently interested in purchasing a business it is interesting to surf the website of a business broker since you can search for companies for sale by state, county, or even category of business. Examples of online business brokers include Sunbelt and BizBuySell .
Of course, always do your research before you consider buying a business of any sort, but if you're looking for a place to start, a business broker can get you thinking about the possibilities.