What are the advantages of buying a business rather than starting one from scratch? What are the advantages and disadvantages of owning a franchise?
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.Buying established business is less risky,financing a purchase is often easier than securing funding for a start up business
.Relationship;one buys the existing customers too rather than looking for new customers
.focus;when you buy a business you can start working immediately and focus on improving the growth of the business.
Business might need major improvement to old plant and equipment.
The business might be poorly located or badly managed with low staff morale.
External factors such as increasing competition or declining industry can affect future growth.
Under performing business can require a lot of investment to make them profitable.
The seller's personality and there established relationships may be a major factor for the success of the business.
need to be in a organized paragraph please. start by answering the first question What are the advantages of buying a business rather than starting one from scratch? then move on the the others
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