To start a new business… or to buy an existing business? That’s the question that many entrepreneurs ask themselves before taking the plunge. Creating a business from scratch, while intoxicating during the day-dream phase, may not be as exciting when it comes to the reality of execution. After all, there are so many steps to follow to plan, fund, and market the new business idea. With the concept not yet ‘proven’, there are the added hurdles to jump over. While many of us may ultimately choose this route, what about buying an existing business instead? After all, the big plus that comes with buying an existing business is that it’s already up and running. The planning legwork has already been done. If the business is already generating revenue, this may be a better model for you if you want to mitigate your tolerance for risk but want to be your own boss, especially if it’s a business that you’re passionate about.
To read the full, original article click on this link: To Start or Buy A Business? One Entrepreneur’s Story… | SCORE Success Blog
