Buying A Business Can Save You Years Of Hard Work
Experience can be your worst teacher, unless it's somebody else's. Try buying a business that has already had some experience.
Experience can be your worst teacher, unless it's somebody else's. Try buying a business that has already had some experience.
Buyers have to ask the "barrier to entry" question… is it cheaper and more efficient to start your own business or does a particular opportunity offer you a sufficient leg-up to warrant purchasing a business instead?
Organic growth can be expensive, consider a strategic acquisition to grow your business.
It's a good idea to list the pros and cons of buying a business versus starting a business. It will help you evaluate your tolerance for risk.
One good reason to buy a business instead of starting one is that it is usually easier to borrow money to buy an existing business that has positive cash flow.
Buying a business can be like adopting an adolescent, much of its personality has already been formed and you need to learn how to adapt to each other to make a successful relationship.
Want to spend a bunch of money and wait several years to get it back? Start a business. Want to spend a bunch of money and see an immediate return? Buy one.
Buying a business gives you many advantages over starting one. A proven concept, brand recognition and a history of cash flow are a few of the important ones.
Avoid the risks and struggles with a startup, become an entrepreneur through acquisition.
When starting a business you have no experience from which to learn, when buying a business you benefit from somebody else's experience.
Receive Buyer Insights by email