“Buy, Don’t Start a New Business”
We’ve all read about the high failure rates for new start-up businesses. By purchasing an existing business you can dramatically minimize the risks associated with starting a brand new business.
Successful existing businesses have a proven track record of profits that generally continue long after a business has been sold. As the new owner, you can take the business to even higher profitability by incorporating new ideas, expertise, and energy. A business with a well-known name, location, product mix, knowledgeable employees, etc. will enable a new owner to focus on long-range strategic planning rather than day-to-day minutiae. There will be no suffering through an extensive start-up period as you struggle to attract customers to your business. You can use the business’ established customers for immediate cash flow and as your base for future business growth.
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“ Owning your own business can be very rewarding. But it can also be very frightening. A Business Broker can help by showing you a variety of businesses that are legitimately interested in selling and help through the purchasing process”
