Why buying a business may make more sense than starting one
Would you rather invest money to start a business with no cash flow or buy one with an existing revenue stream?
Would you rather invest money to start a business with no cash flow or buy one with an existing revenue stream?
The opportunities for entrepreneurial expression are endless and today are being fueled by the "silver tsunami" along with the opportunities created by technology.
With millions of baby boomer-owned businesses transitioning over the next decade, it is an optimum time to find the right business to buy.
Experience can be your worst teacher, unless it's somebody else's. Try buying a business that has already had some experience.
Buying a business can be an emotional event; it's exciting and hopes can be high. Take the time to ask all of the important questions before making your final decision.
Starting a business can have many hidden or unexpected costs; buying a business can enable you to learn from prior owners' mistakes.
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