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Business strategy
Should I start from scratch or buy an existing business?
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[QUOTE="Carpon, post: 272125, member: 86701"] There are advantages and disadvantages that are attached to both buying and creating a new business. When you create your business newly, you have the opportunity to organise and lay the foundation on which it will be built upon. Starting a business from the scratch helps you to make good decisions about the business's continuity. A disadvantage is that you must be able to acquire much knowledge about your potential business and you may need a higher capital to begin compared to the amount you may use to buy an already existing business. On the other hand, the advantage of buying a business is that if you are opportuned to be purchasing from a credibile person, you will meet with a good business foundation and you won't battle with that. A disadvantage is you may find out that your purchased business is not a very stable one and you will battle with keeping it on track. [/QUOTE]
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Should I start from scratch or buy an existing business?
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