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The problem isn't that no one wants to do it, its that the math doesn't work out. If you have 6 figures of student loan debt just to get an optometry degree, y
by dghlsakjg 1y ago
The problem isn't that no one wants to do it, its that the math doesn't work out.
If you have 6 figures of student loan debt just to get an optometry degree, you don't want to double or triple that to buy an established business. Your interest cost will eat any hope of profit.
For small businesses, its the same issue. A pottery shop or fabrication shop isn't really worth a lot more than a used kiln or set of tools, but I'm guessing that the owners want to be bought out for a lot more than they can sell their old stuff for. There is a serious mismatch going on. At the same time, the work itself is devalued. Fewer people are going to lay out $1k on a handmade dinnerware set from their local ceramics people when they can pay 1/3rd the price from an importer.