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Absolutely. I was referring to those who have only ever been an employee, and are contemplating the shift. Many folks want to escape their job because they thing the grass is greener.

Agree. My suspicion is that many folks opt out of the PAYE life for the business owner life thinking it will give them more freedom, more money and the ability to make their own decisions and so on. The reality is often far different than that. It's interesting; many business owners...

True. We've been to indoor play centres loads of times over the years with our 3 kids, and they do a lot of cash - entry fees and all the coffees/cakes/drinks etc. The birthday parties are where the real money can be made from my observation. I think if they can get it for next to...

I fear that this one issue will be yet another nail in the coffin (cost of business that can't be passed on easily) of many a small (and even bigger) businesses in this Country over the next decade or two. We are perhaps as litigious as the USA these days, and getting worse. The recipe for...

Zero. :D. (Unless you can class an IP as a profit making passive business?) But I'll keep trying.

Yep, absolutely. It would have to show a decent enough nett profit after all staff and owner wages included to consider it as a passive income prospect. From the OP's point of view; I guess if the wife could run it on her own, and even make a half decent profit from it, it opens them up to...

If you could get it for the right price, it's one of those businesses where you could staff it with housewives and/or young women/students, etc (who love kids) who want some flexible hours in a nice environment. Easy to run for the girls, and the owner would not have to be there, and hopefully...

A children's playground type business would have almost no goodwill. Folks go these places if they are clean, tidy, equipment in good condition, and good range of things for the kids to do. The coffee shop/restaurant section has to be good as well. I would be framing the offer based on...