Buy an existing business or start your own?
Many aspiring entrepreneurs ask themselves this question and for good reason. Buying a business is a major investment and there is much at stake. According to the statistics, however, the answer is clear. Your chances of success are far greater when you buy an existing business. An established business has a proven model of success, a history of revenue generation, and immediate cash flow. It is actually a risk you can quantify.
Other advantages include:
- Operating Systems
- Trained and Experienced Employees
- Customer Lists
- Vendor Lists and Relations
- Training & Support during the Transition Phase