Should You Buy a Business If You Can’t Find a Job?

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March 23, 2026

by a professional from Bishop's University in Moncton, NB, Canada

**New Video Alert! A lot of people who lose a job start wondering if buying a business could be the answer. But that can be a dangerous way to think. In this episode, I explain when buying a business after job loss might make sense, when it does not, and why desperation, shrinking savings, and the wrong kind of deal can create a much bigger problem. If you are thinking about buying a business because you need income, this is an important conversation. Watch the video here: https://youtu.be/qFLnXCsXxPQ Cheers See you over on YouTube David C Barnett
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Reply by a searcher
from James Madison University in Fairfax, VA, USA
Can take a very long time to go from deciding on ETA as an option to actually owning a business, and depending on how long it took to make this choice after job hunting for months and months, you might not have the runway or determination to carry it through to the finish line.
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Reply by a searcher
from University of Florida in Denver, CO, USA
Agreed that it can be dangerous, especially if done out of inability to find a job. To do this right takes intention, not desperation
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