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After earning his engineering degree at a top university, Phil had numerous job offers at high salaries. He accepted a position with a well -

After earning his engineering degree at a top university, Phil had numerous job offers at high salaries. He accepted a position with a well-established manufacturing company and quickly moved up the ranks. Then, he was recruited to be part of the top management team of a construction company. Life has been good, but Phil has been thinking that he'd really like to run his own business. He's established a strong reputation for both his technical and his leadership skills. He has been speaking with business brokers and with some owners that he feels might be willing to negotiate a sale, but nothing has felt right so far.Question 1) Why do you think Phil is thinking about business ownership after the success he has achieved working in other companies? Why do you think he wants to buy instead of start a business?Question 2) What questions do you think Phil should ask of a seller if he finds a business that he likes?

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