What are the advantages of buying a business rather than starting one from scratch?

Business & Finance
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What are the advantages of buying a business rather than starting one from scratch? What are the advantages and disadvantages of owning a franchise?

Nov 9th, 2015

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ADVANTAGES

.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.

DISADVANTAGE

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.


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Nov 9th, 2015

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

Nov 9th, 2015

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

Nov 9th, 2015

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