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Buy Vs Start A New

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Buy Vs Start A New

by Bruce / Tuesday, 24 November 2020 / Published in Blog

Would one rather buy a business or start one anew I guess it depends on one’s mindset?  For buying another’s business allows someone to enter with feet already at the door while others are running out.  Yes, you take in the good will, customers, employees, licenses etc that an established business has but also many of the headaches of why they are willing to sell. Therefore an investigation not only of the blueprints of buying a business needs to be in order but also the motivation behind the sale and how long the owners will help in the transition as a whole.  Starting a new is great when you don’t have the capital and want to start small but if  one has the resources to start big then buying is the way I’d spend my monies. Of course in this case a microscope for me, my accountant and lawyer would also have to be part of the package.

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