starting a business? here's why you may want to buy one instead
TRANSCRIPT
Starting a business fromscratch and building fromthe ground up is not theonly way to achieve the
American dream ofbusiness ownership.
Every year hundreds of thousands of business ownershit the ground running. They get their start by buying
an existing business.
Here are 4 reasons you might be better off buying anestablished business instead of building one from
the ground up.
And when you have immediate cash flow your money for operating expenses
should be less. need to borrow
But if you do need to borrow, the willbe reduced because you will know how much cash
the business is producing.
guesswork
Before investing your money you will be able to the financial records, tax returns,
contracts, leases and more. inspect
Most small business sales are only possible becausethe seller offers to finance part of the price.
Often more than 50%.
No banker, angel investor or financier will be to lend you money than the
person trying to sell you his business.more motivated
hard to overstate
And many existing businesses come with a core oftrained, knowledgeable and experienced employees.It’s the value these employees
provide a new owner.
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