Many people would rank being their own boss at the top of their life goals list. The idea of having greater control over one’s own day-to-day life, making their own rules, and charting their own financial destiny has great appeal. It’s no shock that people dream of owning their own business. Our PA, NY, ME, VT, RI, NJ and CT business brokers receive many calls from people with that very goal.
With that stated, however, it is also true that there are substantial differences between starting one’s own business and buying a business that has already stood the test of time. Let’s look at 3 of the top reasons that people often opt to buy a business instead of starting their own.
Buying an established business means customers from day one, relationships with suppliers, brand recognition, and more. Entrepreneurs should consider all their options, and that includes buying an existing business. Feel free to click here to reach out to our PA, NY, ME, VT, RI, NJ and CT business brokers with any questions you may have.
Source Link: https://inbargroup.com/three-reasons-to-buy-a-business-rather-than-starting-your-own/