What are the pros and cons of buying a business?
Why You Buy an Existing Business?
- Survived Startup
- A proven business model assuming its profitable
- Customer Base (repeat customers)
- Employees of which hopefully a few will be worth keeping.
- Easier to improve an ensuring business in most cases then it is to launch a startup from scratch.
Why You Launch Your Own
- You have a new idea that no one else is doing
- You are very creative and have a new way you want to do things.
- Too expensive to buy an existing business
