Why buy a business instead of starting one?

It may take more money than time to buy a business. It often takes more time than money to start one. The break-even point for buying versus starting a business is the cost to buy equipment, rent a space, pay a staff, pay for advertising, establish contractual relationships and support yourself while you are building up a customer base. If you buy an established business, you have income from the day you take over. You already know what can be accomplished by the business. If you start a business, you face a lot of uncertainty over the success and desirability of your product, service or location. Buying a business takes a lot of the risk out of your decision.

2017-07-19T19:17:38+00:00 July 19th, 2017|