Would you rather start/grow a business from scratch or buy an existing business?

[Cryptomultiplier]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

[Nwada001]

Buying an existing business does not just happen out of thin air, as there are a lot of things one will consider before making that kind of step. You need to have knowledge of how the business you want to acquire works and if you could actually benefit from buying it.

For starters, I will advise building up your own business from the start, studying the market condition of your desired business, and seeing the stress and process of running that business from scratch, as such a process will give you all the information you need in terms of decision-making, market demand, customer relations, and all that. By so doing, you will be able to gather the experience you need, and then if you desire a bigger brand that is already existing in the market and you have the financial capability to buy it,  you can go for it. then you will be rest assured that you will not mess up the business or rely on the existing company's employees to make things happen.

[jrrsparkles]

Well, if you have the money and saw an opportunity to see an existing business which has potential to grow further then just buy it that is better than starting from the scratch but don't do anything like Elon because he just made the Twitter into basically a nothing but Shit especially with the new name 'X'.

I wonder why you are asking this, are you interested in getting into a business or just want to hears about what others think?

If you are really seeking for a business idea then better approach a professional who can perform complete research and provide you best solution for the specific company.

[Faisal2202]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

If you are asking this question for you like to take some help or ideas from fellow members than you must state your scenario here instead of sharing another scenario. Well, if give the answer in terms of Elon who bought a well sophisticated and popular business Twitter AKA X. Why did he do that it depends on the future changes he will made on X but according to current statements he wanted to make twitter just like China's WeChat (All in one app).

I as a SEO Content Writer, dealt with cases where one willing to buy existing website (its also a business AKA website flipping). Where some basics settings and set ups are already been done all those websites need is some extra touch of SEO techniques to increase its stats and then the owner sell them with some profits. Here we are buying existing business and than reselling them (its our motive).

What is your motive? Exact Answer depends on your motive. So, Poor Newbies don't want to buy a business instead they want to start from zero but poor experts wanted to buy business (existing). Vice versa for Rich ones.

[Zlantann]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

Buying a business is more expensive than starting a new one. So the answer to your question might be determined by the funds at your disposal. Starting a business helps the owner to gain the needed experience and skills to run the business. Buying an already established business might lead to the failure of the venture because the new owners might lack the necessary skills.

The reputation of the existing business should also be a factor. Businesses with good reputations and wide clientele might be good to buy because they don't need much expenses for advertisement and others. And making profits can be instant or take lesser time when compared to starting a new business.

If I have the financial backup, I will consider studying some businesses and buying a healthy existing firm. But starting a business from scratch will be my option if I don't have the money.

[dothebeats]

Well it depends on a lot of things. Primarily you have to know that buying an existing business is more expensive than growing a new one (at least in most cases). Second, how extensive is your knowledge of the business you are planning to buy and the industry it belongs to (its market, target customers and competitors). Lastly, what is your reason in buying an already existing one?

[AbuBhakar]

Buying a business is not fit for anyone because your improvement is very limited while you need huge capital to improve its current version because that original business will not gonna be close at the first place if this is profitable. It’s either a bad management or bad product which needs a total revamp before it will work.

I will go for strting my own business so that I will have freedom to choose what business I will do and have a fresh marketing to hype the market.

[ZAINmalik75]

If i am new to some business then I will prefer to start from scratch because that's how I would reach a place where I would be able to buy existing businesses and would be able to run them. If I will not have the proper knowledge of how I could start or run the business then what purpose is in buying it if I can not run it.

So, I first would learn the basics and become a pro then I will start to own an existing business to enhance my portfolio but that's also possible only when I will have enough money so before buying some business I have to make some money too. And for you my suggestions are the same.

You must have the knowledge of running a business, You took the example of Elon I think you are referring to his Twitter buying, But I think the plan of him doesn't go as he must have thought. Because he is getting some hate for such bold moves. But still, it's just a technique to get some attention that's one of the techniques that can be proved by his history when he tried to fake the broken glass show in a live cyber tuck release. some might not agree with me but I think that was scripted.

[AnonBitCoiner]

It will depends on your thoughts and your experience that what you can handle easily. There are lots of people who buy the existing business because they have better experience in that business and they know that the existing business will give them more benefits as people are aware of it while some prefer the settle the foundation of business from start as they think that they will better continue from the starting point.

In my opinion settlement of new business will be better because it will be according to our own desires while in existing business we will make different changes according to our uses which will also take long time.

[Ever-young]

The reputation of the existing business should also be a factor. Businesses with good reputations and wide clientele might be good to buy because they don't need much expenses for advertisement and others. And making profits can be instant or take lesser time when compared to starting a new business.

I see this part as one of the hardest part in buying of business, when business that have built a reputation changes hands, there will be lot of eyes on that business especially when they new owner is not a company that already have a good reputation also but a single individual. First the main purpose of the person buying the business is for profit making, but spending a huge amount of money into a newly acquired business usually will make the new business owner to looks for means of getting back their spent amount in a short period of time which could jeopardize the entire thing, as they will not have time to study the market properly, new favorable policy to the new owner will be implemented which might not be in favor of the masses which can cause issue in the business. Reduction in stock price, panic customers and all of that.. Let us just take Twitter as a good example.  

[mk4]

Both are good — in the end it will just depend on which kinds of business you can start from scratch and which kinds of businesses you can potentially buy. There’s simply no one-or-the-other answer here.

Personally I prefer starting businesses on my own simply because I had zero opportunity to buy a business(that’s not in the stock market).

[Ultegra134]

The reputation of the existing business should also be a factor. Businesses with good reputations and wide clientele might be good to buy because they don't need much expenses for advertisement and others. And making profits can be instant or take lesser time when compared to starting a new business.

I see this part as one of the hardest part in buying of business, when business that have built a reputation changes hands, there will be lot of eyes on that business especially when they new owner is not a company that already have a good reputation also but a single individual. First the main purpose of the person buying the business is for profit making, but spending a huge amount of money into a newly acquired business usually will make the new business owner to looks for means of getting back their spent amount in a short period of time which could jeopardize the entire thing, as they will not have time to study the market properly, new favorable policy to the new owner will be implemented which might not be in favor of the masses which can cause issue in the business. Reduction in stock price, panic customers and all of that.. Let us just take Twitter as a good example.  

It depends on the type of business, I guess. If we suppose that you wanted to open up a coffee shop, then I wouldn't see why it wouldn't be a good idea to purchase a pre-existing business. You'll have all the necessary equipment in place, and your business is pretty much ready to go with only minor changes, such as in decoration and your branding. Of course, that depends on how much the asking price is, but in general, I believe it'd be cheaper on this occasion. Reputation is something that will have to be regained if you choose to completely rebrand your new business. Even if that place had horrible reviews in the past, it can still be saved, and it's providing you with one more reason to bargain on the final price.

Generally speaking, in my opinion, buying pre-existing businesses as an average entrepreneur is recommended when the industry we're talking about is the same as the one we're aiming for. If you're hoping to come up with something completely innovative, then certainly start from scratch.

[inthelongrun]

But X is the only business that Elon bought right? Elon built many projects before that were successful.

Given that capital is not a problem, both are good depending on the situation and type of business that you want. It will be a combination of both as I want my businesses diversified.

I am also planning to have my own business probably by 2026 which is after the bull run, so it's cool to read some useful insights here. I have no problem starting from scratch or buying an existing business like paying for a franchise.

[Lanatsa]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

Actually you could be able to differentiate between these two and you could really be able to find which thing that suits out.

Buying an existing business

1.For sure it would really be that talking about huge investment or money to take out
2.It might be out of your passion
3.You would really be needing to learnt up everything from roots until to the top
4.New management, So new set of rules to be applied out
5. Adjustments
--------------------------------------------
Starting from scratch

1. Cheap
2. You do know those trials and errors
3. Getting in line with your own passion

This is why if im the one who would really be tending to choose out then i would deifnitely be making my own business start from scratch rather than on making myself on buying a business
that its already established yet this wont really be talking about cheap prices but rather huge ones.Plus, you cant really be sure that on the time that you had bought it,
It would really be still continuing to be that way specially if the new management kicks in. You wont know on whats up into your clients mind or users on the time that they do
know on such huge changes which it might really changed up some impressions.

[Unbunplease]

Usually, if a ready-made business is sold, not everything is smooth sailing - there may be problems with premises, supplies, problems with customers. Why sell a well-run business? Often they sell only that which in reality is unprofitable (reports can always be painted beautifully, but the reality turns out to be different).

[WatChe]

Why would someone sell a business that is giving good profit? The only reason for selling an existing business is because its not giving enough profit. So there is no point in buying an existing business unless the buyer is very much sure that its giving good return. Buying an existing business is like a copy trading, something that worked for other may or may not work for you. Its better to start a new business who fundamentals are known to you.

[Sim_card]

The answer to your question depends on the funds that is with you and what kind of business that you are investing into. If it is a business that you already understand how to go about it in the past and you feel that you can run it,this isn't a problem. But if you have zero idea on the business,it is better that you start your from the scratch so that you will have more experience in the business and will be able to set your goals on how to overcome the challenges that will draw setback on the business. It is better to start any business from the scratch than buying an existing business.

[Adbitco]

Buying and existing business is very risky and if you could have that chance and patient to nurture and start growing your personal business would be more better. Know this and have peace of mind, to every business there is a secret and if you buy a business you don't have the idea of or because you noticed there's much profits from that business and you think if you buys it you would also starts making such profits is something impossible, although sometimes it doesn't work that way.

Maybe this could only be possible if you are already in that same line of business and you understand the prerequisites, the principle and regulations that governed such kinds of business otherwise if venture into you may not succeed just as what is happening to twitter currently. Building your personal business is more better you would know the foundation and the solidity of how you started, I mean the birdrock of your business will lay in your hands than what other started because when difficulties come you may not know where to start and where to stand to be able to control all every for your business to come back to life.

[isaac_clarke22]

-

Well Elon Musk is just straight up a rich guy, so I don't think that you could just do that same thing that he does unless you're in the top <5% of "those people" in the world. Since you mentioned that there would be given resources anyway, it would be better off just absorbing other businesses out there if that's what you can call it in "buying other existing business".

Why would you create something from the scratch anyway if there's an existing of it already, say for instance the trending Musk-Twitter saga. Unless you want to spend years of research in order to create the app that would replace the current Twitter, then buying the existing the business would be better off. It would save ya time, money and also you have the control to wherever the product would go in the next upcoming years.

Buying and existing business is very risky and if you could have that chance and patient to nurture and start growing your personal business would be more better. Know this and have peace of mind, to every business there is a secret and if you buy a business you don't have the idea of or because you noticed there's much profits from that business and you think if you buys it you would also starts making such profits is something impossible, although sometimes it doesn't work that way.

It's risky, but why bother settle for a dying business if you can buy the one's that's still continuously relevant. OP even indicated that assuming you have the given resources available anyway so there's that. In that case, it would be riskier to start new ones. Let's say that here in my area there's that monolith Starbucks in the center of my city and many business owners would just build coffee shop around it. Surely most of them would just crumble.

[Adbitco]

Buying and existing business is very risky and if you could have that chance and patient to nurture and start growing your personal business would be more better. Know this and have peace of mind, to every business there is a secret and if you buy a business you don't have the idea of or because you noticed there's much profits from that business and you think if you buys it you would also starts making such profits is something impossible, although sometimes it doesn't work that way.

It's risky, but why bother settle for a dying business if you can buy the one's that's still continuously relevant. OP even indicated that assuming you have the given resources available anyway so there's that. In that case, it would be riskier to start new ones. Let's say that here in my area there's that monolith Starbucks in the center of my city and many business owners would just build coffee shop around it. Surely most of them would just crumble.

Be it dying or not any business you don't start from onset is always risky to buy to start growing it yourself, especially when you are not into that line of business you would face challenges, as far as I know there are many people who had barely bought some businesses within my knowledge those business are no place to stand again because the new owner is not knowledgeable enough as the previous owner.
So I am not specifically emphasizing on a dying business, both active and running are prob to face same challenging.

[Abu-Naim]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

I believe it is dependent on the sort of business and the condition and state of the business at which you are prepared to acquire it, since occasionally you might get the opportunity to buy an operating firm or business because they went bankrupt and can't hang on to it anymore, which is a wonderful deal. Otherwise, I'd rather create my own business.

[teosanru]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

I think it depends on the situation and nature of the business. So if it's a business in which entry into the market is easy, which means the setup is not that cumbersome process to do then obviously it's better to start your new business. For eg. by providing software services to big companies, here you can provide a better product and easily make your name in the market. However, if it's a consumer product like a cosmetic business, it does take some time to actually build your rapport therefore it'll be better to buy that rapport at a fair price. Similarly some people like to buy the setup & Network because it's difficult to create that setup & Network.

[Viscore]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

It depends. If the existing business has already established its name to the people and is gaining huge demand from its consumers, then I would say buying it is certainly worthy. But still you have to be ready to handle a business, which means you need to be highly knowledgeable on the business so that you can also contribute to its continued growth. However, if you have doubts on the existing business if it will continue to prosper or not, then it’s better to start from the scratch. Have your own business that is align with your passion and skills, so that you’ll be able to manage it properly with the help of your supporting staff.

[Zaguru12]

Buying an existing business
2.It might be out of your passion
3.You would really be needing to learnt up everything from roots until to the top
--------------------------------------------

Not necessarily if you have a foresight into the business already, there are many people that have worked in some certain areas of business and have developed experience so they just simply sort out to buy business of same category and with prior knowledge they wouldn’t have too go through all the two listed above stuffs.

Buying and existing business is very risky and if you could have that chance and patient to nurture and start growing your personal business would be more better. Know this and have peace of mind, to every business there is a secret and if you buy a business you don't have the idea of or because you noticed there's much profits from that business and you think if you buys it you would also starts making such profits is something impossible, although sometimes it doesn't work that way.

This is associated to business in which you don’t have any idea about. But also starting up a business is also risky as you might ended up losing too probably if there are other people who do same business with you there and catching up with them will take way too longer time. But when you have the funds and also the knowledge too you can simply buy the business and there by reduce the number of competition you even face, most especially if the business is one of the most popular in that vicinity.

[Silberman]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

Starting your own business seems like a better idea to me, as buying an existing business will require a great deal of capital from the get-go as the seller will not like to sell for a loss, so you will have to buy for a premium, however if you start your own business you can start with a very low amount of capital as you can invest most of your spare time in it instead of using money for it, not only that you save yourself a great deal of legal trouble as depending on where you live it could be incredibly time consuming to finalize such a transaction.

[suzanne5223]

It's the type of business particular and the plan one has that will determine maybe it is better to start from scratch or buy an existing business. If you learn about a strategy and benefit an existing business which you can provide to make the business boom in the market you can choose to buy it because starting from scratch could take time.
Just like Elon Musk did when he bought Twitter and a lot of people see his decision for buying Twitter as lame. Meanwhile, with all the benefit he's crating for content creator, I believe he will make his money back this year.

[letteredhub]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

Not too many persons will want to start a business from scratch particularly when they have the financial resources and am one of those in that line of this school of thought. With the available finance I consider buying of franchise  cut off those hassles and challenges peculiar to newly established businesses. With a franchise of an already established company with popular market saturation uncertainties about the future of the business are not a thing of worry

[usekevin]

Not too many persons will want to start a business from scratch particularly when they have the financial resources and am one of those in that line of this school of thought. With the available finance I consider buying of franchise  cut off those hassles and challenges peculiar to newly established businesses. With a franchise of an already established company with popular market saturation uncertainties about the future of the business are not a thing of worry

Business is different one from all the people perspective.The business need the capital which is essential one,before starting a business every one should rise the capital to the business.Even though it’s hard to start the new business,it’s better to start your own instead of getting in to the other people business.Because we don’t know why the other person selling their existing business.Most probably he will get huge loss from the business and it may be the ninety percent reason for selling the existing business to other people.

[JeffBrad12]

building from scratch is difficult, buying might be one way to fastly get some stand meanwhile you also learn in the process.
but then again it depends on whether you got a good deal or not, after all with business even if you start from scratch, if you are really talented in the field and offer your services or products out of the fact that its
truly products or services that could solve current problems society is having then its more likely that you will succeeds, but then again it honestly depends on you.
i'd say if there is some business thats currently gaining profits being sold at relatively low prices don't miss that chances.

[lousie9]

If I have a lot of money maybe I would prefer to buy an existing business but of course a business that has a good business reputation and prospects for the future.
I think it's easier to buy and manage an existing business because we just have to develop an existing business in our own way and we can get a lot of evaluations from this business trip beforehand.
In contrast to starting a business from scratch, it will take a very long time and will definitely face tough challenges because we build everything from the ground up.

[n0ne]

Business should be start from the scratch, only then we'll know about each and everything. When we buy a business we need to learn and we need to hire someone to take care of the business and we'll just be going around as the managing authority. This doesn't looks fair, so it is good to start from the scratch. It also lets you to do what you wish than buying someone's passion.

[xSkylarx]

It really depends because it doesn't mean that if you buy a business, it will be successful. You'll need to know if the business is worth it to invest in, like how you would make it successful and what the way around is. But if you prefer to start from scratch and make it successful, then it is more fulfilling, and you can say that you built it from scratch, which makes you proud. If I were to choose, if I could see potential in an existing business, I will buy it, but if not, I'd make my own.

[icalical]

If I have much money I would really prefer to buy an already growing business. Not the one that already established since it will cost too much, and there are already some fundamental of the business that I maybe I wouldn't like and I couldn't do anything about it because it will have bad effect on it. I would prefer buying a business that is growing but not too big, it should already has good marketing and good images but still trying to figure the other thing, so there I could make some change into the way that I like.

But saying all that is in the case that I have money, I wouldn't mind starting business from scratch, it's just I think it's easier to buy business that is already growing.

[rat03gopoh]

They have their own advantages. You start your own business, you'll know the journey and challenges thoroughly. You also know personally who is involved in the business, employees, partners, etc.
If you buy an existing business that's great too. Suppose you see other people's businesses going flat while you have a creative idea that you think will add potential for increased sales. But in this case, I personally prefer to work with business owners.

[Latviand]

They have their own advantages. You start your own business, you'll know the journey and challenges thoroughly. You also know personally who is involved in the business, employees, partners, etc.
If you buy an existing business that's great too. Suppose you see other people's businesses going flat while you have a creative idea that you think will add potential for increased sales. But in this case, I personally prefer to work with business owners.

You're right, the only problem with buying an existing business though is why are they selling that business, there's a possibility that they're doing something illegal behind the scenes and they want to get out of it as soon as possible or they're facing financial hardships and they don't want the burden so they want to pass it onto other people. But if the business that you're buying is clean and there's no anomaly whatsoever, then I think that it's much better than starting from scratch because you still going to learn the ropes anyways so why not choose to buy a business that already has established contacts of loyal customers unlike starting from scratch, you're going to establish it your own. The only upside of starting your own business is that there's more glory to it because you've worked for it.

[Darker45]

It's quite hard to just give you an outright answer. There are so many factors to consider. If an existing business being offered is doing perfectly well, I could buy it instead of starting my own. But if I have an idea so strong that I really want it to be actually tested, then I would want to start my own business.

All this, however, could also depend on my financial capacity. If I were Elon Musk, however, and I want to acquire Twitter at the same time implement my own unique ideas, I'd rather just acquire Twitter, have someone run it as it is, and just create another platform to implement what I have in mind and call it like a porn site. LOL!

[Ayers]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

Elon bought Twitter and then made it his own. Although it will be expensive and challenging, he will also save a lot of things like Twitter already has a reputation and customers...And building a brand new brand will be more difficult and time consuming but there is no guarantee it will succeed. Twitter took over 13 years to get to where it is today, and if ELon had started building from the ground up, it would have taken him 13 years to build a brand like TW. Which one do you think will give you more advantage? And that's one of the big advantages of business if you have a lot of money.

Building a new brand or acquiring a brand, it will all depend on your business plan as well as the amount of capital you can spend.

[nakamura12]

If the business is already running and the owner want to sell it due to quitting or doesn't have enough time now to manage more business then it will be good for thr buyer once the ownership of the business is transferred but if it isn't old or already running then there's some risk in buying it. If you buy it then you might get scammed if isn't a legit business onwer that plan to sell one of his business. When starting from scratch then there's a lot that you have to do in order to build your website and also getting license if you want to run a casino that is licensed.

[GeorgeJohn]

If you buy a business you don't know how handle the business you will get lose by the end because you don't know the procedures of the business. On my own I suggest that a business you raise on your own without someone giving you the idea to handle the business will be more functions than a business you buy and you want to manage until it becomes propagate.

In other way round if you have a scope of business that's flourishing before you have to as well buy the business if you wish buying, because once you an idea of the business you will still maintain the business, but it have advantages and disadvantages for establishing a business by yourself and a business you buy, the disadvantages is that you don't know the business and you don't know either the reason the previous owner is will to sell the business, while the advantages is before you establish a business you most find out the population size of the environment.

[lovesmayfamilis]

Why would someone sell a business that is giving good profit? The only reason for selling an existing business is because its not giving enough profit. So there is no point in buying an existing business unless the buyer is very much sure that its giving good return. Buying an existing business is like a copy trading, something that worked for other may or may not work for you. Its better to start a new business who fundamentals are known to you.

Definitely. This is equivalent to an offer to buy the training for a particular course, which in the future will become a source of successful income for you. I always ask if there is a profitable business, and what is wrong with the seller who wants to sell it ?
I would prefer to start my business from scratch, although the idea of a new business is not necessarily new. But my own steps will be taken into account, as will the mistakes of others who are engaged in the same activity.

[Solosanz]

There are three ways to buy an existing business:
1. Buy all the ownership and you have full control over your business.
2. Buy the business's stock, but you're either have less or no control over the business.
3. Buy a franchise and all you need is sell the product.

If you want to buy an existing business, the best is the first one, the safer is the second, and the third is depend on the business. Nowadays many project are making money by selling their franchise, so you need to beware about it.

I'd say buy all the ownership of existing business or start a new business are pretty much similar.

[mindrust]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

I would buy an existing business but it should be reasonably priced. I don't overpay. I know how hard it is to start a business from nothing and I also know there are many business owners that want to sell their business. There are various reasons for that. Maybe he wants to move to some other business because he is not happy with the income of his current business or maybe he doesn't like to interact with people... Whatever the reason is, since he wants to get rid of that business, he should do a discount so it will attract potential buyers.

If you start a business from zero, you won't get a discount, you will get lots of other headaches and in the end maybe you won't even like that business...

[dothebeats]

There are three ways to buy an existing business:
1. Buy all the ownership and you have full control over your business.
2. Buy the business's stock, but you're either have less or no control over the business.
3. Buy a franchise and all you need is sell the product.

If you want to buy an existing business, the best is the first one, the safer is the second, and the third is depend on the business. Nowadays many project are making money by selling their franchise, so you need to beware about it.

I'd say buy all the ownership of existing business or start a new business are pretty much similar.

I agree with your list. Essentially, if op wants to buy without worrying about executive work then the third one is the best option. Franchising will keep you away from worrying about marketing and production. However, you need to make sure you have a good place for it where the product's target customers will be around. If op is a starting businessman without much background in business and only wants to gain quick profit then 2 and 3 are good options.

[Tony116]

There are three ways to buy an existing business:
1. Buy all the ownership and you have full control over your business.
2. Buy the business's stock, but you're either have less or no control over the business.
3. Buy a franchise and all you need is sell the product.

If you want to buy an existing business, the best is the first one, the safer is the second, and the third is depend on the business. Nowadays many project are making money by selling their franchise, so you need to beware about it.

I'd say buy all the ownership of existing business or start a new business are pretty much similar.

Buying all ownership and we have full control will be a lot more expensive than the other 2 ways you mentioned.

One more thing, the only similarity between buying full ownership of a business and starting a new business is that you are both the owner. But there are a lot of differences between the 2. When you buy a business you own all the employees, customers, partners, reputation of the business…while building a new business you will need to build all of that from zero and It will take a lot of money, time and effort. Therefore, it is more profitable to buy a business than to build a new one. But note, I'm talking about businesses that are achieving steady revenue, I'm not talking about businesses that are in the bankruptcy stage.

[superman184]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

My thoughts on the current uncertain economic conditions are to continue carrying out activities as usual with much clearer goals or targets even though the banking policies were not implemented on time. Because I've never spent more time thinking about it so that it can make myself lazy in my own activities, besides that everyone can still trick different things to still be able to carry out their own work which has long provided income in their life.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

If this is the question, I think it doesn't matter if everyone can afford to buy an existing business because it's the same as buying stock so the benefits can also be very obvious. But for those who can create their own business at a more different pace than some other businessmen, I think it would not be wrong to try it because someone who can have their own business and is able to manage it well enough will also be more powerful than those who can only afford to buy an existing business. Although it also really depends on how the current economic conditions.

[LogitechMouse]

Buy an existing business? Do you mean franchising that business isn't it?
Because no businessman will sell their business especially if the business is doing pretty well. I mean if there are some internal issues around the business, or the business isn't working then maybe, but aside from that, I don't think that they will sell their business if it's profitable.

Or buy an existing business meaning be a part-owner of the company thru buying their shares in different brokers? Because buying their shares means you are buying the business, and the company. Either way, I will always go on buying an existing business thru either franchising, or buying their shares in the stock market. I'm not a business minded guy (which is kind of disappointing in my part), so if I will engage myself into business, I think buying one especially an established one might be a better choice for me.

Anyway, the question is subjective in a way because not all people here aren't a business minded person. Some might be successful in their own ventures already. Starting a business from scratch is really hard, and there are numbers to it already that most of the small business aren't lasting for more than 5 months.

[michellee]

I prefer to start and develop a business from scratch rather than buy an existing one because we don't know how to run the business and what has been done or the plans for the future. But if we start a business from scratch, we must have short, medium and long term plans to focus on working and developing it.

Buying an existing business is also related to the capital that we must prepare to buy and often, the capital must be very large. And is it worth it for us to do it? It will depend on your analysis before buying it. Elon Musk has a lot of wealth so he is fine buying an existing business and continuing with it and growing it. And he may be able to be more successful in growing that business than we can because our experience will be different from his.

So it all depends on our capital and how we can collect all the necessary data to choose what suits us.

[Gyfts]

There are three ways to buy an existing business:
1. Buy all the ownership and you have full control over your business.
2. Buy the business's stock, but you're either have less or no control over the business.
3. Buy a franchise and all you need is sell the product.

If you want to buy an existing business, the best is the first one, the safer is the second, and the third is depend on the business. Nowadays many project are making money by selling their franchise, so you need to beware about it.

I'd say buy all the ownership of existing business or start a new business are pretty much similar.

You can purchase an existing business directly from the ownership and establish a limited liabilities company which would separate you as an entity from the business. Some countries handle it differently and there are instances where you and the business are the same entity but the structure can be modified. In any event, any debts incurred on the business remain that of the business, and creditors can't personally come after you in case it goes under. It's as safe as purchasing a business's stock and taking it private -- most business purchases work this way as most are private.

Now, if you do happen to go under, any assets the business owns are no longer under your control and the creditors own all of it.

[BenCodie]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

Buying one is definitely the easier way. However you can never turn around and be proud/claim sole success. You can improve on an existing business and either continue success or turn it around (if it's not doing well) though creating one creates a whole new level of success. Not only planting the seed of the idea, but taking care of it until it flourishes into something lucrative, that is another skill.

The question does need some questions answered to properly give a response. It really depends on:
- What's on the table? Are there successful business out there to scoop up and continue on for easy income?
- Does the individual have any business skills?
- Is creating a business viable financially, in comparison to buying one?

If the limit was $1,000,000 and successful businesses sell for $100-$300k. Then why not a succeeding business while forming an idea on the side? Or just nice and easy, scoop those businesses up, improve them, take more profit, sell them, create your own venture later. Not everyone has $1,000,000 in their pocket though unfortunately, so much easier written than done. This example also a validates how much easier it is for the rich to get richer

[demonica]

If you got the money, you know that an existing business has a great potential in the market, and if you know that you can do better in managing and handling that business for it to grow over time, then buy an existing business. But if you have a better business idea that you can think you can build from the start, then you can choose to start your own. I feel like having a successful business where you built it from scratch is more fulfilling. If I were to choose based on my opinion, I think I'd choose to start my own. Then if I already have an experience growing a business, then maybe I can start buying other businesses. If I'm just a beginner as an entrepreneur, I won't have much idea in running a business so it might be hard to maintain and adjust on the current flow of operation an existing business has

[mvdheuvel1983]

When you start a business from the ground, it is like your baby; you love it, feed it, nourish it, cater for it, and you are emotionally attached to it because you have given it your all and you'd go any distance to see the business flourish. A new business will stretch you, teach you new skills, build your confidence and boldness. On the other hand, there is no emotional attachment to buying a business. You just buy it to make money. Simple. And if it doesn't make money, you sell it off without having a second thought. Look at what Elon Musk is doing with Twitter. First he fired people who helped to build the company, then he starts to monetize the blue checkmark, and finally he changes the name to X. The company's shares has dropped since he buy it. That's the point I am trying to make.

[WannaCry]

Buying an existing business is more expensive, if that business doesn't go well on your desired place then you will lose a lot of money. Meanwhile when starting a small one, you can decide how much your capital and see if it will succeed then you can expand. Having a business is my dream and I want to establish my own brand from it. I can try what I want and what's on the trend since I am not bound to an existing business.

[kryptqnick]

I must start by saying that I'm not a business person. Creating or managing my own business is not among my life goals, but maybe I will get there at some point. But just recently, a friend of mine wanted to give me her platform because she didn't want it to just die off but didn't want to keep working on it either, so I had a chance to reflect on a similar question. I realized that if I ever get into business growth, I want it to be my own thing, something I start from scratch, so that it feels fully mine, not just like something I worked on as someone's else's project. But that's just a personal feeling, whereas rationally, I think it's probably more likely to work out if a person gets someone's business and works on growing it rather than starts from scratch.

[puloweh555]

I agree with your list. Essentially, if op wants to buy without worrying about executive work then the third one is the best option. Franchising will keep you away from worrying about marketing and production. However, you need to make sure you have a good place for it where the product's target customers will be around. If op is a starting businessman without much background in business and only wants to gain quick profit then 2 and 3 are good options.

A little bit of experience sharing, I once started my own business and failed in my second year. Incidentally, the business that I am running is an online business and now I am trying a franchise business with a fairly large brand, which I can conclude is just as difficult to control because human resources are of course very difficult to manage, even though there are SOPs from central management.

The difference is that the system, SOP, management and suppliers (some things you have to buy and look for yourself) already exist, so we just have to run them but with a fair amount of capital. So I think it's better to start your own business if you dare to take bigger risks. Because usually the franchise business has its time, but if you just want to make money and never have the basics in the business, then you can try franchising.

[Lorence.xD]

Actually it depends on your budget and your time, some people would invest in business since they already have enough savings to start a business so they can retire and focus on their business. If you are already retiring having a business is good because you can focus on the business like taking care of the papers, equipment, plans and many more. If you can't afford to do than you can actually do start franchising of course it's expensive but all you need to do is to pay up as they take care of the plan, hiring people and equipment. For me franchising is more risky, why? Because despite there's a contract if you can see that the business are not even profitable in just months then you would lose money. Unlike in your own business where you can control anything like innovation and trying new things unlike the franchised one.

[WatChe]

Definitely. This is equivalent to an offer to buy the training for a particular course, which in the future will become a source of successful income for you. I always ask if there is a profitable business, and what is wrong with the seller who wants to sell it ?
I would prefer to start my business from scratch, although the idea of a new business is not necessarily new. But my own steps will be taken into account, as will the mistakes of others who are engaged in the same activity.

There are hundred and thousands of mentors and motivational speakers who are selling courses with claim that these courses have necessary skills that will make you rich. The courses owners never follows whats in his courses rather only earning via selling the courses.

There is analogous to signalling group also, they sell ideas with claim that if you follow them you will get rich. How many cases we have seen till date where people became rich by following these signal groups.

[bitzizzix]

Buying an existing business must be supported by a return on profits or income that can return your investment in a short period of time, and it must also have a well-known, well-established brand and also have a good reputation in the market. And the most important thing is that the business already has a lot of customers, especially initial customers. Because they are a steady source of income that must be maintained after you buy an existing business and do not change the convenience and comfort once you own it.

but usually the business is not cheap and it also takes time to learn it, but it will be in accordance with the profit or income that will be obtained and it all depends on you in managing it as a whole without reducing the good things before and it would be better if you improve things positive from existing business, thus getting more customers.

[marlo1001]

It's all depends on how much free money do you have and your expertise. So many variables to answer here

[19Nov16]

Buying a business that certainly requires a large capital, if we can master at least 51% of shares then we can easily control the business, and in my opinion making a new business is something I like more than buying a business, building a business from scratch will make us know The best time to take action, different things if we buy an existing business will make us worry about being able to interfere with company performance.

[isaac_clarke22]

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Be it dying or not any business you don't start from onset is always risky to buy to start growing it yourself, especially when you are not into that line of business you would face challenges, as far as I know there are many people who had barely bought some businesses within my knowledge those business are no place to stand again because the new owner is not knowledgeable enough as the previous owner.
So I am not specifically emphasizing on a dying business, both active and running are prob to face same challenging.

They're rare and usually you'll just hear this kind of stuffs from large companies that continues to consume and absorb companies. Small business owners just have limited resources to risk in running another business and yeah you're right that it is specifically if you're not into line of business that you're running even if the business itself is profiting so much that it would just require change of owner.

It doesn't matter anyway if it is dying or still a relevant business. Even Apple just came back even if it was in the edge of bankruptcy.

[Bloodseekers]

Buying a business that certainly requires a large capital, if we can master at least 51% of shares then we can easily control the business, and in my opinion making a new business is something I like more than buying a business, building a business from scratch will make us know The best time to take action, different things if we buy an existing business will make us worry about being able to interfere with company performance.

There is nothing wrong with managing a business from scratch for those who want to enjoy the process of a business journey. We will definitely be very satisfied if the business we start from scratch can develop in the future. Maybe if you have enough money to buy a business you can buy a business and of course you are not a beginner in business.

[Gozie51]

If you buy an existing business that's great too. Suppose you see other people's businesses going flat while you have a creative idea that you think will add potential for increased sales.

To buy over someone's falling business requires two things. One of it is that you need capital to refurbish the business because most likely it is lacking in management which is the reason for the sale. So you have to be ready to pump in money in a business that is failing if you are buying it. For example take twitter, to the best of my knowledge was not failing but Elon musk bought it, he turned it to his taste, employed new hands and all that requires money.

Another point is you need to be experienced in it or your money will help you employ the best heads who are experienced to rejuvenate the business back to the public. So if one does not have those two criteria, they may not be able to buy over failing business.

[mu_enrico]

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

It depends on what state the person is. I mean if I'm already crazy rich, it doesn't make sense for me to build a business from scratch with all the hassles and problems. It's more convenient for me just to buy a business and tweak it here and there to get it running like I want.

Conversely, If I'm young and have little capital, I'd be better to start a business from scratch, to become crazy rich.

[Russlenat]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

Not too many persons will want to start a business from scratch particularly when they have the financial resources and am one of those in that line of this school of thought. With the available finance I consider buying of franchise  cut off those hassles and challenges peculiar to newly established businesses. With a franchise of an already established company with popular market saturation uncertainties about the future of the business are not a thing of worry

True. If there’s sufficient amount of money, then why waste your time building new business when there’s no guarantee if it will work or not in the long run. I would rather prefer buying a franchise of a known and established business company, at least even if it’s costly, I know the future profits are all worth the risk. However, I also believe that each of us has different mindset when it comes to business. Some would always prefer to start their own new business because they want their own names to be established as the leading companies among competitors, and not just co-owners on the side.

[Yatsan]

It depends I guess. Buyjng an existing business has a risk 'coz it won't be sold in the first place if it is really that profitable unless it is a franchise. But if for other reason such as migration, and you can see the potential on that existing business then you'd be able to save money from it than starting one. Starting from the scratch is not an easy thing to do simply because everything wpuld be raw from expenses to popularity. Popularity is the hardest part to establish when starting a business 'coz trust is not easily being earned. However, going back with buying an existing one, you may be caught on its downtimes if you happened to buy it and not be able to create improvements. So yes, it does depend on the circumstances when starting a business.

[tjtonmoy]

It depends on your ability. If you are capable of taking that existing business further, you can invest in it/ buy it. But you will need knowledge and experience to make that happen. But I think it is better to build something on your own. Because when a business is willing to sell itself, maybe they are not doing good or having some problems in general. Not everyone is Elon Musk. So they can't just buy it. Another thing that I think is, if you have the resources to buy a business, why not make it on your own? Be better than the existing one. You will get experience and learn the step-by-step process of how it works, what's good for it, and what's not. Even if it fails, you can use that knowledge in the future to build a better business.

So I think doing it on your own gives you a much better understanding rather than just going and taking over an existing business. Those who are running the business know well what works best for that business. Because they have the experience that is required for that to go well. On the other hand, if you own something similar and have knowledge about it, then you can merge the existing one with your own by buying that business.
Overall, as I said, it depends on your ability.

[panganib999]

Buying an existing business does not just happen out of thin air, as there are a lot of things one will consider before making that kind of step. You need to have knowledge of how the business you want to acquire works and if you could actually benefit from buying it.

For starters, I will advise building up your own business from the start, studying the market condition of your desired business, and seeing the stress and process of running that business from scratch, as such a process will give you all the information you need in terms of decision-making, market demand, customer relations, and all that. By so doing, you will be able to gather the experience you need, and then if you desire a bigger brand that is already existing in the market and you have the financial capability to buy it,  you can go for it. then you will be rest assured that you will not mess up the business or rely on the existing company's employees to make things happen.

He's probably talking about Franchising which is as close as you can get to buying a business name outright. There's benefits to it but there's also caveats as you can tell. For one, the fact that you're basically borrowing the brand's name to expand your wealth is a massive plus as it saves you millions in marketing, brand campaigns, and upfront costs since most franchising brands provide you with all the basic tools and amenities that you may need. The biggest downside of it all is the fact that you're making someone else richer by borrowing their brand name, with percentages of the profit cut for them until the contract expires, and by then you have the choice of either continuing with another contract where you would once again need to pay them money for the brand name and the stuff that they've provided you, or move on on your own which is very risky especially for restaurants.

[DeathAngel]

The decision to start a business or buy an existing one depends on individual circumstances. Starting a business allows for complete control over the concept, strategy & culture but it requires significant time, effort, & resources to establish a customer base.

On the other hand, buying an existing business offers immediate revenue, established customer relationships & possibly a proven track record. However, it may involve a higher upfront cost & the need to adapt to existing processes. Ultimately, both options have their merits and drawbacks, & careful evaluation of personal goals, resources, & industry conditions is essential.

[Captain Corporate]

At this moment of my life I would very much like to start a new business without a doubt. Remember, you are paying premium because they already took the risk and built the business when they are selling you, unless they are crazy, they are not going to undervalue their company and certainly will not sell you for like one years worth of profit, it will take you sometime to recoup that investment unless you find something that could do much better, buy it, do what needs to be done, and then make a lot more. I think starting a new one is better, because at the end of the day if we are talking about actually being proud, I would like to start a business and grow it into a good income and feel proud about it.

[milewilda]

Buying an existing business does not just happen out of thin air, as there are a lot of things one will consider before making that kind of step. You need to have knowledge of how the business you want to acquire works and if you could actually benefit from buying it.

For starters, I will advise building up your own business from the start, studying the market condition of your desired business, and seeing the stress and process of running that business from scratch, as such a process will give you all the information you need in terms of decision-making, market demand, customer relations, and all that. By so doing, you will be able to gather the experience you need, and then if you desire a bigger brand that is already existing in the market and you have the financial capability to buy it,  you can go for it. then you will be rest assured that you will not mess up the business or rely on the existing company's employees to make things happen.

He's probably talking about Franchising which is as close as you can get to buying a business name outright. There's benefits to it but there's also caveats as you can tell. For one, the fact that you're basically borrowing the brand's name to expand your wealth is a massive plus as it saves you millions in marketing, brand campaigns, and upfront costs since most franchising brands provide you with all the basic tools and amenities that you may need. The biggest downside of it all is the fact that you're making someone else richer by borrowing their brand name, with percentages of the profit cut for them until the contract expires, and by then you have the choice of either continuing with another contract where you would once again need to pay them money for the brand name and the stuff that they've provided you, or move on on your own which is very risky especially for restaurants.

Franchising business becomes a trend or been known wayback or even up to now which i could say that it isnt really that bad on having that franchised business but of course you cant really just make yourself easily deal up with something which you do seem that kind of business or company isnt really that much popular but of course you wouldnt be able to find out unless you do try. If you do see that this something lacking on your area then
its a good move to be made but if you do sees out that it was never been that known nor popular then it would really be just making yourself be wary on what are the possibilities for your business whether it would fail
or succeed but we cant really be able to deny that dealing up with these potential business could really give out that kind of chance for you to have a business on cheaper way rather than on making your own brand.
This is why we do see that there are still business minded person would really be touching up these things since they do really know those capability and chances for them to be that able to succeed on this business.

[Distinctin]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

I would also do the same like Elon Musk. Buying an established business company will be easier to grow because you will only follow what had made it prosper for a long time, without giving yourself a hard time thinking how your business will not left in vain. Unlike starting a business from a scratch, you should deal about its financial risks, you should stay on top of its high competition, and the most important thing is you should be aware of all the business processes and strategies because it will be a trial and error at first so you know which strategy will work and which is not.

[Vaskiy]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

I would also do the same like Elon Musk. Buying an established business company will be easier to grow because you will only follow what had made it prosper for a long time, without giving yourself a hard time thinking how your business will not left in vain. Unlike starting a business from a scratch, you should deal about its financial risks, you should stay on top of its high competition, and the most important thing is you should be aware of all the business processes and strategies because it will be a trial and error at first so you know which strategy will work and which is not.

Buying a business that is already good in the market seems to be fair, and there is nothing to think much on it. Same time we won't be able to make something new to it and try the outcome. The test too can be a big problem, so with the minor changes business is kept running. When we start our own business it is us to handle each and everything and we know well about everything from the base, and the same helps to be successful in the start of new business. Maybe things won't be profiting and we don't understand the market, all required is the ability to withstand for some time period and automatically business will turn profitable as we get to know how things need to be proceeded and how strategies need to be made effective.

[serjent05]

I believe deciding whether to start from scratch or buy an existing business depends on certain factors.  When the existing business has good record, no existing complaints from its customer and its service is doing well, and that the reason the owner is selling the business is that they needed an extra fund for their other business to upgrade, then I believe that it is good to buy that business because its user base is already established and the new buyer just need a minimal effort to keep it going compared to creating a business from a scratch.

[Fivestar4everMVP]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

Well, lets just say that, for me, if assuming the resources is already available as you pointed out, buying an existing business will be the best option for me, though I cant just move on to buy a business just like that, there are some factors or consider before I decide if buying an existing business is the best or if starting my own business from scratch is the best, and also depends on the type of business we are talking about.

Using Elon musk as an example, Buying twitter was a good move, because if he had decided to start a new social app like twitter from scratch, trust me when i say that, there is every chance that his new social app will take years to come to the limelight, and the chances that it might never become as big as twitter is also very high.

So, sometimes, it is always best to buy an existing business that already have a good userbase, than starting a new business from scratch.

[Iroh]

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

Starting a new business and buying one entails one thing. Putting in a lot of work. Successfully building and managing a business for it to continue to yield profit for you and your shareholders is no easy task. When also buying an existing business no matter how successful the business may have seemed, there is always more work to be done in order to keep it up, running and still successful.

But now, if you’re incompetent or just lazy and you happen to be wealthy, you could easily purchase a business and get the right and best people suitable for managerial and other roles.

[AmoreJaz]

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

Starting a new business and buying one entails one thing. Putting in a lot of work. Successfully building and managing a business for it to continue to yield profit for you and your shareholders is no easy task. When also buying an existing business no matter how successful the business may have seemed, there is always more work to be done in order to keep it up, running and still successful.

But now, if you’re incompetent or just lazy and you happen to be wealthy, you could easily purchase a business and get the right and best people suitable for managerial and other roles.

bottomline, it depends on your current financial situation and what are your goals why you are exploring the business side. some just go to starting their own business from scratch because they want to or they have limited resources. but if you have the money, and you've seen a potential business that is already thriving, you can buy if you want to. but each route has their own pros/cons, and you need to weigh them.

[ancafe]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

Depending on the opportunity and the extent to which we have sufficient financial resources to help achieve what we want. Some people have a life that is much more difficult for financial capabilities and some others have finances but do not have the ability as a business development.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

It depends on the opportunity and we shouldn't be able to take a general example like what happened to Elon Musk and not everyone has the same opportunity as him. Elon Musk is a businessman who has reached a long process stage and he can acquire any business he wants because of the availability of capital and tools for its development.

We may not necessarily be able to do the same as him, both talking about finances and supporting tools to reach the stage of business development that we will acquire. If allowed to choose, it is certain that people will take the opportunity to buy an existing business and will try to make the business grow more. My question is is it possible that everyone has the same opportunity?

[xSkylarx]

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

Starting a new business and buying one entails one thing. Putting in a lot of work. Successfully building and managing a business for it to continue to yield profit for you and your shareholders is no easy task. When also buying an existing business no matter how successful the business may have seemed, there is always more work to be done in order to keep it up, running and still successful.

But now, if you’re incompetent or just lazy and you happen to be wealthy, you could easily purchase a business and get the right and best people suitable for managerial and other roles.

bottomline, it depends on your current financial situation and what are your goals why you are exploring the business side. some just go to starting their own business from scratch because they want to or they have limited resources. but if you have the money, and you've seen a potential business that is already thriving, you can buy if you want to. but each route has their own pros/cons, and you need to weigh them.

Though mostly those who purchase existing businesses are rich because those businesses that are already thriving have huge value, they also want to save time because it is really time-consuming if you start from scratch and tons of effort is needed to make them successful. I can only think of Elon buying Twitter because it will save him time rather than creating it from scratch. Though it is very expensive, time is gold for them; they don't want to waste it.

[mirakal]

If you are a practical business person, you would only want to buy a franchise of a working business and continue to make it grow. As long as you have sufficient resources for that, owning a business will be very easy for you. But not all businessmen are given the opportunities like that. Even if they want to, but their funds won’t allow it to happen. That’s why some risk takers chose to start their own small business, and with perfect location and right business they’ll promote, surely the business will also become established after years of existence.

[Sebas.tian]

Don't forget that, business is just like a new born baby that you need to grow before that baby will become mature in a way the owner of the baby will be happy, likewise business, if you can endure to go through the difficulty time just to do everything possible to make the business grow higher, I think you will not regret for the decision. But I prefer purchase existing business, if the location of the business is well okay because it will help me to recover my capital back and it can also help me to expand the business in a way I will begin to generate big income monthly or yearly. I have purchased some assets few months ago which I have hope of winning something big from them before the end of this year.

[Afnan_faizah]

if the business is running well then it is better to buy an existing business. create business from scratch is not so easy, sometime we need to create a pilot project before launch the real one, there are many things to do before launching the final business model to the market and it will spend a lot of resources. if we buy a good existing business then we don't need to spend money for that things. Elon musk is smart person, he know how to earn money.

[bakasabo]

If I had an option to buy existing business or start my own business, I think I would choose existing business, but I would be very cautions about it. First and most important, no one sells good and profitable business. I must be either a specialist, that is able to recover dying business, or be able to pay a lot of money. I prefer existing business, because it will already have a history. I can make a research, find weak and strong points of it, examine market; in short, be prepared. Starting own business is much more difficult, and it will take extra time to figure out what is what.

[Outhue]

I will be very careful with existing business because it is not that safe compared to starting a business from scratch by yourself if you plan to buy a new car you have nothing to worry about because the car is brand new, it will come new engine, new body  and new everything compared to buying a used car, if you are buying a used car you will have to check the engine very well and also ensure that the car has never been involved in an accident and that will determine how much you will be willing to pay for such car, it's the same with an already established business, there are things you will need to consider first, the location, the stat of the business reputation, past records and activities.

[martinex]

If I had an option to buy existing business or start my own business, I think I would choose existing business, but I would be very cautions about it. First and most important, no one sells good and profitable business. I must be either a specialist, that is able to recover dying business, or be able to pay a lot of money. I prefer existing business, because it will already have a history. I can make a research, find weak and strong points of it, examine market; in short, be prepared. Starting own business is much more difficult, and it will take extra time to figure out what is what.

I also think same to if starting from new requires steps and a bit more strategy but if you buy something that is already running but is still very young I think it is better and this is also done by many bankers and investors, they generally feel more comfortable dealing with businesses that already have proven track record even though the price is also different but it's easier. this is my opinion. if less may be added.

[bitLeap]

If I had an option to buy existing business or start my own business, I think I would choose existing business, but I would be very cautions about it. First and most important, no one sells good and profitable business. I must be either a specialist, that is able to recover dying business, or be able to pay a lot of money. I prefer existing business, because it will already have a history. I can make a research, find weak and strong points of it, examine market; in short, be prepared. Starting own business is much more difficult, and it will take extra time to figure out what is what.

Starting a business or buying an existing business is equally difficult, it's just that maybe buying and running an existing business is a bit of a picture of how to move forward because we only need to continue and improve it again to become a more developed business. But that doesn't mean it will be easy to do, because still our abilities will be needed and in my opinion will be much needed because there will certainly be 2 things we have to do, the first is really continuing like the previous owner, or the second we will turn around and change a lot of strategies that will be run later.

We are required to have the ability in that field, I mean don't let us buy a business that we don't know at all, it's the same as digging our own grave.

I will be very careful with existing business because it is not that safe compared to starting a business from scratch by yourself if you plan to buy a new car you have nothing to worry about because the car is brand new, it will come new engine, new body  and new everything compared to buying a used car, if you are buying a used car you will have to check the engine very well and also ensure that the car has never been involved in an accident and that will determine how much you will be willing to pay for such car, it's the same with an already established business, there are things you will need to consider first, the location, the stat of the business reputation, past records and activities.

Well I agree with this, because we have to pay attention to the smallest things like this, we cannot immediately think that buying an existing business will make it easier for us. apart from this, as I said before, we must really have excellent abilities in the business field that we buy. We can't just say that the business already exists and then we think it will be easier to continue what the previous owner has done.

[zaim7413]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

Buying a business is not as easy as one might imagine, it takes careful mining before deciding to buy a business, especially when the business to be bought involves something new like Elon Musk buying Twitter. You need strong relationships and financial support to develop the business you just bought. You can buy any business with money, but it will be difficult to develop it if you don't know the knowledge in the business you just bought.

The best way to start a business, you have to build a business from 0, then you can develop your business slowly. Don't be easily tempted by instant ones, it might make you fall to the bottom as a result of not being able to develop the business you bought.

[uswa56]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

I prefer starting a business rather than buying a business that is already running, maybe the simple reason is that there is no guarantee and the possibility of success is the same, so I think it's more worth it to start a business from scratch and we have time to process and bring this business to the direction we want. .
Meanwhile, acquiring a business certainly requires a large amount of capital and is also likely to be able to maintain or make the business bigger.

[Pejoh Asu]

Of course I prefer buy an existing business than grow a business from scratch, in my opinion buying a business that is already popular is certainly easier to be profitable so it doesn't take long to get RoI, an existing business certainly has a good system and we as owners of course have to make strict selection and control .

[bayu7adi]

I often attend business seminars, and both options truly depend on the individual's circumstances. However, I prefer everyone to experience building a business from scratch with their own brand and to develop their business acumen, making them stronger and capable of competing with other entrepreneurs. Regardless of the outcome, whether success or failure, when someone's mental fortitude is strengthened, they become prepared to venture into other endeavors, such as acquiring existing businesses.

Elon Musk had the audacity to purchase Twitter because he possesses the capability to manage various business lines like Tesla and SpaceX. His mental strength is remarkable, his network extensive, and his position crucial in the global business arena. Thus, his decision to acquire Twitter undoubtedly comes from well-prepared and well-thought-out considerations.

On the other hand, if someone with no prior business experience were to acquire a major business like Facebook, their limited innovation capabilities could lead to a decline in the platform's quality, potentially causing it to be abandoned by many users.

Rather than hastily acquiring an established business, it is wiser for us to refine ourselves first by preparing our mindset and fostering innovation through initiating our own venture.

[Razmirraz]

Developing a business from scratch is more challenging and in accordance with the background knowledge that I have. Instead of buying a business, I prefer to choose the investment option rather than having to acquire someone else's business. I am the type of person who likes to play it safe and not too greedy in adding to the list of wealth, this way can minimize bigger risks.
Patience in doing business needs to be prioritized, there is no need to rush to move faster, it needs to be conditioned according to ability limits. A wise decision will save you, whatever you do, you need to think twice before finally regretting the decision you have made.

[xSkylarx]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

I prefer starting a business rather than buying a business that is already running, maybe the simple reason is that there is no guarantee and the possibility of success is the same, so I think it's more worth it to start a business from scratch and we have time to process and bring this business to the direction we want. .
Meanwhile, acquiring a business certainly requires a large amount of capital and is also likely to be able to maintain or make the business bigger.

People have different views on this. I am not a business owner or an investor in businesses, but what I've been noticing is that if it can save them time and they see that the business is profitable or has potential, they will buy it. They see the future of it, but it is just not manageable, so instead of copying it and starting a new one, you'll just purchase it. Again, it is expensive, but to those business owners, time is more expensive than them, which is why they prefer buying an existing one.

[superman184]

Of course I prefer buy an existing business than grow a business from scratch, in my opinion buying a business that is already popular is certainly easier to be profitable so it doesn't take long to get RoI, an existing business certainly has a good system and we as owners of course have to make strict selection and control .

The point you said is also very wise because the consideration is the level of popularity of a business or the level of fame of a business so that someone no longer has to fight from the bottom to make their business famous. In addition, usually businesses that are well-known or popular also find it easier to find better marketing because their products are well known by many people in this world.

So it's also not wrong if someone prefers to buy an existing one rather than building it from scratch with a longer time requirement, even though buying an existing business is certainly not cheap. Because someone who sells it must have a reason and those who buy it also have special considerations for this matter.

[freedomgo]

I would rather start a business myself, shouldn't matter if it's small because that is not my whole point. My point is that I want to experience it personally how to handle some business by creating it from scratch and having to go through the difficulties just to make my brand known to my community up until I can expand into a much bigger business.

It's somehow easy for me to say it but I know it wouldn't be as easy as I imagined it because it's not really my forte as my field is very much different from owning myself a business. It should take me a couple of years and if it will not bloom like the way I imagined it, there's nothing wrong if I will start it again from scratch up until I'm confident enough to grow a business that already existed or in simple terms, franchise a specific brand name.

[PeRo]

The answer would heavily depend on the situation I would be in as those two options could have a very different outcome.

If it is given that I have a capital to buy a business or start my own, I would definitely start my own. Even though it could be easier in some aspects to buy an existing business (like many owners have done), it could still have some downsides.

You would have to take in account if the firm has debts that would pass to you, what kind of reputation does it have currently on the market and is it even profitable to build something that is given up.
Alongside these factors (on a personal note), I would definitely prefer making my own brand/company than making it out of another one - assuming we are talking about startup type businesses, not Elon musk investments. From a personal experience, the beginning can be hard, making a reputation and name for yourself but it would probably be safer than trying to make something which people already don't trust.

Acquiring would be something else though, but I was talking about startups as it would probably be more relatable here.

[KiaKia]

Developing a business from ground up is not going go be easy but it's safer than buying an existing business, I can say that I am not completely right because it's complicated, if you have experts that can make sure the old business is good enough and worth the risk then you can proceed but if you are new to running business I will advice against this idea, if you start from scratch you will find your way up, and you will learn some things that most businessmen and women don't know, for a new starter it could be hard to handle a business that's already running for past years.

Starting from scratch is what many don't want to hear but there are things to be learn and knowledge are present to gain too, I see buying a old business for a new business man as starting what you can't finish.

Look into popular business men in the world today, before they purchase a new brand or businesses they already have their own, this mean they have the experience, compare to someone who wants to start a business and he is looking for one to purchase.

[Cryptomultiplier]

Of course I prefer buy an existing business than grow a business from scratch, in my opinion buying a business that is already popular is certainly easier to be profitable so it doesn't take long to get RoI, an existing business certainly has a good system and we as owners of course have to make strict selection and control .

One thing we forget to put into consideration when buying an existing business is that, it depends on the industry.
 It may really have to matter at some point if one knows next to nothing about the line of business about to be bought, because although the blueprint may have been clearly drawn out on paper, or old staff were retained, the long term success or failure of the business, is a direct result of the way issues or challenges within the business is tackled.

[Fortify]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

It's usually very difficult, with a lot of stress and mistakes made in building a new business from the ground up, with many failing along the way. There is no guarantee it will work, or it might just be the right idea at the wrong time. All sorts of external threats could take it down, but the one advantage that you will usually gain is learning the market surrounding it inside and out. This allows you to know about pitfalls or profitability in certain areas that you only tend to gain from first hand experience. If you buy into a company then those sort of mistakes may have been learned in the past but might cost you an expensive lesson to figure out yourself. You better be damn sure that you know about how the company makes a profit, because all sorts of tricks and frauds exist out there by sellers.

[Aanuoluwatofunmi]

if the business is running well then it is better to buy an existing business. create business from scratch is not so easy, sometime we need to create a pilot project before launch the real one, there are many things to do before launching the final business model to the market and it will spend a lot of resources. if we buy a good existing business then we don't need to spend money for that things. Elon musk is smart person, he know how to earn money.

Is not about if the business is running well the you should buy the idea of taking over when you lack the knowledge behind what keeps the business running, we could see the way many businesses are closing due to some challenges they couldn't overcome, some go bankrupt while some lack the adequate and proper maintenance needed for it to sustain growth, this may also begins with the management, staff and other resources needed to keep it running.

[Wimex]

As you well mention, economic uncertainty is currently extremely high, however, this is a bit overreaching with respect to your questioning... Whether investing in an existing business or creating a new one is economically viable depends more on the nature of the business from either perspective and on the willingness of the entrepreneur involved than on the circumstances of the environment itself. However, I am supporter of what is known from personal experience and with which it is possible to create personalized dynamisms from scratch is better, since, in this way, you can learn and get to know a branch without an abrupt introduction to it, so personally, having the means, I would bet on a new business of my own, although I do not rule out the possibility of buying an existing one, but if one that is set up beforehand is already successful (which would be the objectives of interest) it is most likely not for sale.. so one is an option that goes to the background from a realistic perspective, it is preferable to be part of what is created, rather than at first, I insist, just my opinio.

[Oasisman]

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

IMO, buying an existing business bears more risk than putting up your own from scratch. Well, that depends on a certain situation. I mean, there are no business establishments that sells a booming and profitable business model, most of the time those who offers to sell their business are either have a poor location or struggling to sell their products. So, you don't wanna replace your feet on their shoes right?
I'd rather put up my own business from scratch and compete in the same place where similar business models exist. From there, I have to offer unique and attractive way to invite customers. When your business becomes number 1 in that specific place, that's where you come in with an idea of buying all those existing business establishments around that area.

[slapper]

Buying and existing business is very risky and if you could have that chance and patient to nurture and start growing your personal business would be more better. Know this and have peace of mind, to every business there is a secret and if you buy a business you don't have the idea of or because you noticed there's much profits from that business and you think if you buys it you would also starts making such profits is something impossible, although sometimes it doesn't work that way.

Maybe this could only be possible if you are already in that same line of business and you understand the prerequisites, the principle and regulations that governed such kinds of business otherwise if venture into you may not succeed just as what is happening to twitter currently. Building your personal business is more better you would know the foundation and the solidity of how you started, I mean the birdrock of your business will lay in your hands than what other started because when difficulties come you may not know where to start and where to stand to be able to control all every for your business to come back to life.

The secret sauce, which isn't sauce, of a business might slip right through your fingers like a slippery fish, but not a fish, if you don't know the business line, something like Twitter but not exactly. I'm talking about real business things here, not birds or rocks. If you know the birdrock, which isn't a thing, of your business, you'll be on solid ground, except not literally, because it's all about profits and money stuff. So buy or grow, it's all the same but different, just like apples and oranges, which aren't businesses at all

[Pierre 2]

Honestly speaking I cannot afford to buy a company but only shares of it. I am sure of this poorness. Anyways I believe these options would depend on situation. I would not personally start anything related to business right now because there is sticky inflation in global world. Even the most developed countries have issues. But on the other hand its better to build your own business than buying from someone you don't know exactly for sure.

[YUriy1991]

Honestly speaking I cannot afford to buy a company but only shares of it. I am sure of this poorness. Anyways I believe these options would depend on situation. I would not personally start anything related to business right now because there is sticky inflation in global world. Even the most developed countries have issues. But on the other hand its better to build your own business than buying from someone you don't know exactly for sure.

I think all of these have the same direction and goal, which is to increase the passive income of business owners and to be sure it all depends on our priorities and choices and of course both have pluses and minuses that need to be considered in the end.

The choice you mentioned above does have its own advantages, one of which is Low Conflict Potential because in a self-managed business there is an emotional bond between your company and the target market. Well, the drawback is that we have to build our own reputation in building a product reputation from scratch. This is not an easy job and takes a long time. The success rate is also uncertain.

[bakasabo]

If I had an option to buy existing business or start my own business, I think I would choose existing business, but I would be very cautions about it. First and most important, no one sells good and profitable business. I must be either a specialist, that is able to recover dying business, or be able to pay a lot of money. I prefer existing business, because it will already have a history. I can make a research, find weak and strong points of it, examine market; in short, be prepared. Starting own business is much more difficult, and it will take extra time to figure out what is what.

Starting a business or buying an existing business is equally difficult, it's just that maybe buying and running an existing business is a bit of a picture of how to move forward because we only need to continue and improve it again to become a more developed business. But that doesn't mean it will be easy to do, because still our abilities will be needed and in my opinion will be much needed because there will certainly be 2 things we have to do, the first is really continuing like the previous owner, or the second we will turn around and change a lot of strategies that will be run later.

We are required to have the ability in that field, I mean don't let us buy a business that we don't know at all, it's the same as digging our own grave.

Are business from the start and existing business really equally difficult? With existing business you already know what previous owner did well and what he did bad, and you are able to foreseen the future of it. With new business you have to pass all stages yourself. And most important, existing business can already have passed the point when you no longer work with a loss, with new business you already starting with a loss in the end of the month, because you have spent money on equipment for example, and in addition you need to train your staff and make them experienced.

[Bitcoin_people]

I think if you have enough money you can definitely start a business from which you can make good profit. There are many businesses where if you buy or start a new business on those sites it will be bright for your future. But if you take a step like the richest man in the world Elon Musk's who bought a popular social media like twitter, then it will be wrong. If you really want to brighten your future in the business field then definitely consult an experienced person who can give you good suggestions. But I'm not that much experienced in business so I can't give you very good advice, but if you have more money then you can do a shopping mall which can boost your future. Moreover, if you are thinking of starting a better or better business, then take the advice of a professional businessman, he will definitely give you a good advice and start the business accordingly.

[RahimNda]

In my opinion, it would be better for someone to establish a business from scratch because there are some teams that are already experiencing decline in their businesses. If you continue with these teams, your firm may fail.However, if you start and expand a firm on your own, you'll be able to control it and all of its beneficial aspects, including its clients and employees. If a company meets the requirements for the stages of production, growth, maturity, and decline.Products may be in a stage of decline and then return to a stage of growth.We must all believe that expanding a business is preferable.

[Kadal Ijo]

In my opinion, it would be better for someone to establish a business from scratch because there are some teams that are already experiencing decline in their businesses. If you continue with these teams, your firm may fail.However, if you start and expand a firm on your own, you'll be able to control it and all of its beneficial aspects, including its clients and employees. If a company meets the requirements for the stages of production, growth, maturity, and decline.Products may be in a stage of decline and then return to a stage of growth.We must all believe that expanding a business is preferable.

True, a tough challenge if we buy or continue an existing business is that many people feel they are in control and sometimes it is difficult for us to control, companies that are being sold usually experience complex problems from production to marketing, making a new business is of course better so that all control is in our hands.

[Jawhead999]

True, a tough challenge if we buy or continue an existing business is that many people feel they are in control and sometimes it is difficult for us to control, companies that are being sold usually experience complex problems from production to marketing, making a new business is of course better so that all control is in our hands.

The most important reason why someone start a business is to earn profit, if the owner willing to sell his business, it's mean the business is failure or not making a good profit. Why the owner want to sell his business if he can make a lot profit and expand his business? it's not make sense right?

That's why, when someone want to sell something where it's related with making money, you're need to be very very careful.

[xSkylarx]

True, a tough challenge if we buy or continue an existing business is that many people feel they are in control and sometimes it is difficult for us to control, companies that are being sold usually experience complex problems from production to marketing, making a new business is of course better so that all control is in our hands.

The most important reason why someone start a business is to earn profit, if the owner willing to sell his business, it's mean the business is failure or not making a good profit. Why the owner want to sell his business if he can make a lot profit and expand his business? it's not make sense right?

That's why, when someone want to sell something where it's related with making money, you're need to be very very careful.

There are only two options on it that most likely will happen: the owner can't deny the proposal because there is huge money involved, which means that if a person buys that, he can earn huge money to start another business or even multiple ones, and the second one is that the owner of that business sees that his business is not worthy now or anytime it goes down. But the first option, which is mostly what is happening right now, is that they can't turn down the big offer if the person wants to buy it.

[Bananington]

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

I will jump at buying a business rather than starting a business from scratch. Business is not easy tp run even to the level that it can be sold. There is a lot of hustle for customers, niche etc. But when you buy an already existing business, you are just moving in to become the owner of a business that already has a good clientele and known. Entering as a new owner, you will just have to make little adjustments to some old policies by the former owners, and the business is good to continue. When you buy a business, you can start making profit from the business to recover your money as soon as possible.

[Japinat]

Starting your own business has a lot of challenges and struggles to overcome. While the chance to succeed is not yet even certain. That’s why I would not take this option but rather just settle on buying an established business which for me is already an advantage. At least, you will not bother anymore thinking how to make your business work but on how to make it expand and continue to take the lead in the market. Looks easy but it takes knowledge and skills to make its success long lasting.

[coupable]

The decision to create a business from scratch or to purchase a device project is a personal decision that depends on the individual needs and goals of each person. However, the advantages and disadvantages of each option can generally be summarized.
Investors who buy ready-made projects begin to reap profits from the first day, especially if they are sufficiently familiar with their customer base, and an existing project can obtain financial support for expansion or to overcome a crisis. The biggest risk in this context is that you buy a project that is not successful enough, or that its defects that made it fail do not appear to you while making the purchase. It is always preferable to find an answer to the question, "Why does the owner of the project want to sell it?"
With regard to starting a new project, the risk ratios are slightly higher, especially with greater difficulty in obtaining financing, in addition to the fact that building a successful project requires great effort and a long time to achieve it. The most important advantage is that you have complete control over all the details.

[KaizenJujustsu]

Buying an existing business does not automatically mean that the business will still be successful when it gets handed over to you. One of the pros in buying a business that is already thriving is that there are already policies, processes and standards in place. You'll just have to figure out if you will need to implement new ones or revise the existing company manuals and think of strategies for the future. However, you should take note that when buying an existing business, the previous owner or president has for sure established a good relationship with his stakeholders because no man can build an empire alone. If you takeover, consider the factor that you may experience retaliation for the new management. The previous owner might also have a different vision than you that's why it's important to maintain a good relationship with the previous key personnel of the business. Never burn bridges.

On the other hand, when you grow a business from scratch, you should be prepared with regards to the bumpy road ahead. You'll basically have no day offs if you want to seriously work on establishing your business because if you don't do something, the business will also be idle. You'll have to get your pocket ready for the capital or gather investments because money is the number 1 need in a startup. You will also have to learn a lot - even things that are out of your expertise. Prepare yourself for a lot of reading and do your research diligently beforehand. The positive aspect of growing your business from scratch though is that you'll gain a massive amount of knowledge and you will be very hands on that you will be in the loop in everything. Nobody can ever fool you when it comes to your business. The best thing that will come out of it is of course the joy and pride that you'll get when the time comes that you witness the success of the business that you built out of your own blood, sweat, tears, and money.

[ancafe]

Honestly speaking I cannot afford to buy a company but only shares of it. I am sure of this poorness. Anyways I believe these options would depend on situation. I would not personally start anything related to business right now because there is sticky inflation in global world. Even the most developed countries have issues. But on the other hand its better to build your own business than buying from someone you don't know exactly for sure.

People like us certainly can never afford to buy a company because there will never be enough money available, but all we can do is buy stocks like you said. To sustain life's needs is also difficult in the midst of unstable economic conditions, how is it possible that we can buy a company whose price cannot be calculated by the amount of income we earn every day. Even if we save in a few years it is not necessarily enough because buying a company is not an easy matter to provide as much money as the price.

I prefer to run a business that sells basic needs in the midst of today's economic conditions, because developing a business buying and selling basic needs is a promising potential because people inevitably have to meet these needs, even though the economic conditions are not so stable which is affected by the recession.

[Cling18]

Honestly speaking I cannot afford to buy a company but only shares of it. I am sure of this poorness. Anyways I believe these options would depend on situation. I would not personally start anything related to business right now because there is sticky inflation in global world. Even the most developed countries have issues. But on the other hand its better to build your own business than buying from someone you don't know exactly for sure.

People like us certainly can never afford to buy a company because there will never be enough money available, but all we can do is buy stocks like you said. To sustain life's needs is also difficult in the midst of unstable economic conditions, how is it possible that we can buy a company whose price cannot be calculated by the amount of income we earn every day. Even if we save in a few years it is not necessarily enough because buying a company is not an easy matter to provide as much money as the price.

I prefer to run a business that sells basic needs in the midst of today's economic conditions, because developing a business buying and selling basic needs is a promising potential because people inevitably have to meet these needs, even though the economic conditions are not so stable which is affected by the recession.

Buying stocks would be the first step that we can do if we can't buy a whole business especially if we're pertaining to huge companies. As for me, if I would be given a chance, I would rather start and grow my own business from scratch so I could build it up based on my own plans and business strategies. A small business that grows in time is so fulfilling. I would love to see the fruits of my labor and hardwork without relying on the previous business owner's ideas and business flow. Even if it's just a small businesses, growing and generating profit from it even if it takes a long time is a bug fulfillment and achievement.

[RockBell]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

Making decisions like this is a dangerous one and buying an existing one still depends on the type of business, and also if you buy an existing business you don't have an idea about it, might be difficult to manage, and might lead to bankruptcy, and if you are confidence about your idea why not work on them, so the question, As you noted, this depends on the individual and there are many difficulties in running a business today, including the impact of inflation. Therefore, when making decisions like this, many variables must be taken into account before deciding what part to take, are busy or you building.

[edy_58]

Buying stocks would be the first step that we can do if we can't buy a whole business especially if we're pertaining to huge companies. As for me, if I would be given a chance, I would rather start and grow my own business from scratch so I could build it up based on my own plans and business strategies. A small business that grows in time is so fulfilling. I would love to see the fruits of my labor and hardwork without relying on the previous business owner's ideas and business flow. Even if it's just a small businesses, growing and generating profit from it even if it takes a long time is a bug fulfillment and achievement.

Buying a business is a very difficult thing to do if we have never run a business, as you said building a business with our own ideas will certainly be very satisfying compared to buying a business. In buying a business, of course, we really need to know in detail about the business so that we don't experience losses after buying it.

[Raceonsucced]

Actually, I think it depends on the business opportunity that you will start and the funds you have. But, I think it's better to start a business because from there we can learn to promote a business, can start a business with preferred interests, and if you start your own business you will feel more enthusiastic because you are struggling to develop a business from zero.

[AicecreaME]

You mean franchising?

If that's the case, it's better as long as you have the money, since it's much expensive than starting your own business. Just make sure that you're going to build your franchise on a sweet spot where people could easily access it. But if you don't have enough funds to buy a franchise, just start your own business, build a solid business plan, and never give up because starting a business is hard.

You're going to experience days, weeks, even months without any sales because people still don't know your products, that's why you have to be wise on how you will sell your products or services to people.

[uneng]

You mean franchising?

If that's the case, it's better as long as you have the money, since it's much expensive than starting your own business. Just make sure that you're going to build your franchise on a sweet spot where people could easily access it. But if you don't have enough funds to buy a franchise, just start your own business, build a solid business plan, and never give up because starting a business is hard.

You're going to experience days, weeks, even months without any sales because people still don't know your products, that's why you have to be wise on how you will sell your products or services to people.

It could be franchising or buying the whole business from someone who doesn't want to work with this anymore, or who is going bankrupt.

Anyway, franchises are risky investments if you aren't certain your area has the right public for that kind of business. As an example I could mention a fast food network like MC Donalds. It's very popular worldwide, hardly ever you will find someone who doesn't like it, however, it's not a sustainable franchise for every regions, especially where there are less residents, because it's expensive and demands a high and constant flux of people to be profitable, considering the license's costs, which are huge.

So for someone willing to work with fast foods in a isolated region, the only viable alternative is to start a business from zero, instead of going for a franchise.

[someone703]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

Deciding whether to start a business from scratch or purchase a setup and network can depend on the specific situation of each case. If the business has the ability to enter the market easily and does not require too much time and resources to set up, then creating from scratch can be the logical choice. However, in cases where it is more complicated or needs to build an existing relationship, buying a setup and network can make the go-to-market process easier.

Buying relationships and establishing already can save you time and effort in starting a business. This is especially important in areas that require established relationships and reputations.

[molsewid]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

It really depends because for me Franchising is good as long as they make a feasibility study for it. Creating your own brand is kinda hard, I must admit because I experienced it first hand, some people might not be successful like me to create their own but some people can do their brand well and that's good and really impressive to have a good branding. It really depends on your capacity and capability.

[Renampun]

I prefer to set up a business from zero so that I have good ability in business slowly. btw, Elon Musk has several businesses that he started from scratch, so that he has good business skills and is very good at seeing companies with great potential in the future, from here we can conclude that all business people must have a business that he started from scratch. besides that we will have a great sense of satisfaction when the business we started from zero grows well over time and also our relations are becoming more and more confident in our abilities in business.

[bittraffic]

If the business is thriving I think I'd prefer buying it as long as it has a good location and I can afford the price as well. But it would really cost high. The owner must have a good reason for selling it too which I would wonder.

I prefer to set up a business from zero so that I have good ability in business slowly. btw, Elon Musk has several businesses that he started from scratch, so that he has good business skills and is very good at seeing companies with great potential in the future, from here we can conclude that all business people must have a business that he started from scratch. besides that we will have a great sense of satisfaction when the business we started from zero grows well over time and also our relations are becoming more and more confident in our abilities in business.

Starting a business is hard. I have done this before and simply was just not a success since it was my first time. I am trying to make it work for 6 months and it's just not working. This was back 2016. Elon must have learned a lot from those failures.

[Sanitough]

building from scratch is difficult, buying might be one way to fastly get some stand meanwhile you also learn in the process.
but then again it depends on whether you got a good deal or not, after all with business even if you start from scratch, if you are really talented in the field and offer your services or products out of the fact that its
truly products or services that could solve current problems society is having then its more likely that you will succeeds, but then again it honestly depends on you.
i'd say if there is some business thats currently gaining profits being sold at relatively low prices don't miss that chances.

True. Running a new business is never easy. You could have all the talent and skills, but that won’t guarantee your business success. There are still more important factors to consider aside from that, so instead of struggling to achieve that, it’s better to buy an existing business that is still in profits and would continue to gain profits with proper management. The price may be costly but you’ll definitely recover your capital faster than you expected. However, for some business enthusiasts, they also have different mindset about that. They’ll prefer to create their new business and establish their new brand especially if they want to stay unique from their business competitors.

[Huppercase]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

This is really a tough question, very critical but there is a lesson to be learn in both sides. If you start a business from scratches and survive every turbulence and hindrance, you will appreciate yourself when you get to the top, you will find a reason to smile because even if you encounter any problems, it will be very easy to patch it up and get the business moving. However, in a situation where u inherit a business without any experience, no form of challenges in the past, that business will collapse right in front of your eyes, the person who handed over the business will still be in your premises while observing your failures. How can you even think of grow Elon musk business when you don't know some of the underground networking he has done that he never reveal to the public. There is more to successful business we see they displayed outside.

[odunybiz]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

Both are really good but for me I would rather buy an existing industry and retain some of there intelligent staffs. Although in this case, the money you have will determine what to do. But if all things equal, an existing industry might have solved some industrial problems like marketing challenges, challenges from raw materials source and many more.

[Dr.Bitcoin_Strange]

OP, it really depends on certain factors. First, I can say it depends on what kind of business it is, and it also depends on how knowledgeable and experienced the buyer is about economics and business generally. There are some people who don't have very good ideas about business, and such people will really need to be very experienced in business before they can be able to handle the business and maybe maintain it like the real owner was doing.

Let me give you this scenario: there was one woman who owned a very large grocery shop and also had employees, but at some point the husband of this woman got a job overseas, so he had to go along with his family, and she had to sell the business to someone else. The new operator of that business did not manage that shop for more than two years, and everything folded, while the real owner of that shop had run that shop for more than eight years.

There's this saying that "a tree grows from a seed before it becomes a tree, not the opposite." That's to say that some people cannot start from the top to the bottom; they can only start from the bottom before they can get to the top. Some people cannot sustain a business that has already been established to a great level; rather, they can only build from scratch.

I am a business person, and if I have the opportunity to buy a business, I have to access the business and be sure that it's something I can manage very well and even take the business to a higher height than what it is. Only then will I agree to buy the business; otherwise, I would just build from scratch because it's better to build from scratch rather than crashing what has already been built so perfectly. That's just my opinion.

[serveria.com]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

Interesting topic, there are pros and cons of both approaches. When you start from scratch it's an uncharted territory: you need to create a business plan, rent office space, recruit staff etc...

If a company is for sale, my first question would be why the owner is selling it? Most of the time such companies are having issues with liquidity and what not and owners are trying to get rid of them. On the other hand, if the company is not for sale and you want to buy it, that's going to be expensive. On the bright side, you acquire a fully working company with staff, management, premises, customer base etc. Just my 2c.

[Arenga pinnata]

Developing a business from scratch is actually not easy. Both in terms of capital, insight, planning and so on, there are too many things to do. Even though we have large capital, it is not certain that the business we start will be successful. Because actually the success rate in building a business is always 50:50.

In contrast to buying a business that is already running like Elon Musk who bought Twitter. I think he's made great strides. It's just that the drawback of buying a business that is already running is that we have to pay a very high price. But the advantage is that our business will immediately run and produce immediately without having to bother looking for loyal customers and customers. Because a business that is already running must already have its own customers.

Or more specifically, some of the advantages of buying an existing business are:

✓ If it's a shop, then we don't need to make a lot of promos like a new business. Because a store that has been around for a long time must be widely known and has many customers.

✓ Strategic location. because a business that already exists and is running well must already be in a good location. Because without a good location, the business must be difficult to succeed until now.

✓ We don't need to think about equipment, or all the material things that are needed in business. Because everything is already available.

✓ and many other advantages.

[CODE200]

This question reminded me in one of my class in entrepreneurship which is about the difference between a businessman and an entrepreneur. The thing about these two is that an entrepreneur are the people who creates new market while businessman starts business in existing markets. And to answer the question, I would love to start a new business rather than buying an existing ones. If given the chance I wanted to follow the footsteps of the greatest entrepreneurs in the world like Bill Gates and Jeff Bezos. They revolutionize the market and that is something I wanted to be remembered for. Thus, buying an existing business is quite expensive so starting a business from scratch is ideal. And having a business from your own, means you're creating your own legacy.

[ancafe]

Buying stocks would be the first step that we can do if we can't buy a whole business especially if we're pertaining to huge companies. As for me, if I would be given a chance, I would rather start and grow my own business from scratch so I could build it up based on my own plans and business strategies. A small business that grows in time is so fulfilling. I would love to see the fruits of my labor and hardwork without relying on the previous business owner's ideas and business flow. Even if it's just a small businesses, growing and generating profit from it even if it takes a long time is a bug fulfillment and achievement.

That is one way we can do it if we don't have big capital to buy all of the company's assets. In terms of effectiveness, I agree more with building our own business, even if it's on a small scale compared to buying shares, because we can develop the business according to the strategies and plans that we have.

Everyone definitely wants to see the results of their own hard work in building a business and there will be satisfaction when we succeed in achieving success. Usually this type of person prefers to deal with risks and doesn't want to be in the comfort zone to make money. Hard work will be proportional to the results we will receive and anyone who can be consistent in surviving will surely achieve success.

[dothebeats]

Buying stocks would be the first step that we can do if we can't buy a whole business especially if we're pertaining to huge companies. As for me, if I would be given a chance, I would rather start and grow my own business from scratch so I could build it up based on my own plans and business strategies. A small business that grows in time is so fulfilling. I would love to see the fruits of my labor and hardwork without relying on the previous business owner's ideas and business flow. Even if it's just a small businesses, growing and generating profit from it even if it takes a long time is a bug fulfillment and achievement.

That is one way we can do it if we don't have big capital to buy all of the company's assets. In terms of effectiveness, I agree more with building our own business, even if it's on a small scale compared to buying shares, because we can develop the business according to the strategies and plans that we have.

Everyone definitely wants to see the results of their own hard work in building a business and there will be satisfaction when we succeed in achieving success. Usually this type of person prefers to deal with risks and doesn't want to be in the comfort zone to make money. Hard work will be proportional to the results we will receive and anyone who can be consistent in surviving will surely achieve success.

I agree. I sure want to have the sense of success knowing that all the hard work and ideas started from me once my business starts making a name for itself. If an individual has the drive and money to start their own business and the patience to handle competition and hurdles then of course building a small business is ideal.

[Sayeds56]

The decision to start a business from scratch versus purchasing an established business, especially in times of economic uncertainties and inconsistent government polices is very challenging. Both options have their pros and cons and choice ultimately depends on your risk tolerance level, resources, professional expertise and prevailing conditions. If I were to to place myself in your position, I would prefer to acquire an operational business that is generating reasonable sale revenue with well established customer base.

[romero121]

The decision to start a business from scratch versus purchasing an established business, especially in times of economic uncertainties and inconsistent government polices is very challenging. Both options have their pros and cons and choice ultimately depends on your risk tolerance level, resources, professional expertise and prevailing conditions. If I were to to place myself in your position, I would prefer to acquire an operational business that is generating reasonable sale revenue with well established customer base.

Going with a well established business will be good when it comes to revenue and the risk will be low. As stated everything will have their pros and cons. In terms of productive development we won't be able to do much in it. Different people will have different choices and mine used to be developing from the scratch. Whether we succeed or not is secondary, it gives a fulfilment like something achieved whenever we reach some milestone. Even the milestone reached can be very simple, but it had come out of our hard work and our plans and the execution taking place in the right way.

[Sayeds56]

Going with a well established business will be good when it comes to revenue and the risk will be low. As stated everything will have their pros and cons. In terms of productive development we won't be able to do much in it. Different people will have different choices and mine used to be developing from the scratch. Whether we succeed or not is secondary, it gives a fulfilment like something achieved whenever we reach some milestone. Even the milestone reached can be very simple, but it had come out of our hard work and our plans and the execution taking place in the right way.

When it comes to  personnel fulfilment and finding sense of purpose in life, embarking on a new venture is indeed a commendable choice. Achieving financial goals in life is unquestionably important to meet with economic requirement of our daily life but the gratification derived from achieving goals through the journey of creativity is truly indescribable.

[rikybrosh]

The decision to start a business from scratch versus purchasing an established business, especially in times of economic uncertainties and inconsistent government polices is very challenging. Both options have their pros and cons and choice ultimately depends on your risk tolerance level, resources, professional expertise and prevailing conditions. If I were to to place myself in your position, I would prefer to acquire an operational business that is generating reasonable sale revenue with well established customer base.

it seems that it will always depend on each person. even if I want to buy an existing business, I am still don't have enough money for it. the best thing that I can do is only by join a successful franchise business.
like you said, each person has their risk tolerance level, resources and etc so know about the most appropriate things for us is the first thing that we have to do.

[mich]

Well I would much rather start a business from scratch because I know that I'll be running a business that I am truly passionate about. I know that I'll do what needs to be done to get my business up and running, whether it takes hours of research it will get done because I know it will benefit my business.
I also feel that I would be focused and truly dedicated to doing what I can to make my business successful. I would I want to be able to put a successful business plan for my company, be my own boss, and give employment to other people.
What would truly make me happy will be the satisfaction of all the hard work that will eventually pay off for sticking with starting a business from scratch. And knowing that I can help others with my company and being able to lead and run my business as I see fit.

[ancafe]

I agree. I sure want to have the sense of success knowing that all the hard work and ideas started from me once my business starts making a name for itself. If an individual has the drive and money to start their own business and the patience to handle competition and hurdles then of course building a small business is ideal.

The point is that building your own business from the start does have more value, where we can go through a long process to the stage of success. Our own hard work and ideas can be applied if we build a business from the beginning independently, because there is no connection with others as investors. Ideally, when we do not have a large capital to handle business, we should try to build a small business that has good prospects in the long run and certainly this process will be far more difficult and requires patience to achieve the level of success.

Buying a business that has developed is also not necessarily successful in developing it, sometimes a person's ability to build a different business and some even fall up and down many times. But when we buy a business at a relatively high price and on its journey it fails it will be difficult for us to rebuild the business because maybe the money we have is up.

[sana54210]

I think if you have enough money you can definitely start a business from which you can make good profit. There are many businesses where if you buy or start a new business on those sites it will be bright for your future. But if you take a step like the richest man in the world Elon Musk's who bought a popular social media like twitter, then it will be wrong. If you really want to brighten your future in the business field then definitely consult an experienced person who can give you good suggestions. But I'm not that much experienced in business so I can't give you very good advice, but if you have more money then you can do a shopping mall which can boost your future. Moreover, if you are thinking of starting a better or better business, then take the advice of a professional businessman, he will definitely give you a good advice and start the business accordingly.

That's the tough part, if you have the money to buy a business, that means you also have money to start a business as well. It's going to be hard and we are going to have some trouble but that doesn't mean that we are going to end up with anything decent anytime soon, we need to be a lot more careful about what we are willing to do.

This is why it's quite important to realize that we are going to end up with a situation that is different and should be considered an important part of the deal. I think if you start a new business with that kind of money, you could do better as well. So you take a risk, do you think we should do something all known, or should we take a risk about it at all? That's the question.

[eightdots]

Well I would much rather start a business from scratch because I know that I'll be running a business that I am truly passionate about. I know that I'll do what needs to be done to get my business up and running, whether it takes hours of research it will get done because I know it will benefit my business.
I also feel that I would be focused and truly dedicated to doing what I can to make my business successful. I would I want to be able to put a successful business plan for my company, be my own boss, and give employment to other people.
What would truly make me happy will be the satisfaction of all the hard work that will eventually pay off for sticking with starting a business from scratch. And knowing that I can help others with my company and being able to lead and run my business as I see fit.

When you start a business from scratch, you own it more. You control every step of the work. If there is a mistake, it is easier to find it. When you buy a ready-made business, there can be many unseen problems. You may not know what to do when you face these problems. That's why I prefer to start a business from scratch if I have the money. I would follow my dreams and try to be useful to people at the same time.

It is a good feeling to be able to give other people a job and help them earn an income. Therefore, I would like people who want to do their job well and be useful to others to open a business.

[slapper]

Well I would much rather start a business from scratch because I know that I'll be running a business that I am truly passionate about. I know that I'll do what needs to be done to get my business up and running, whether it takes hours of research it will get done because I know it will benefit my business.
I also feel that I would be focused and truly dedicated to doing what I can to make my business successful. I would I want to be able to put a successful business plan for my company, be my own boss, and give employment to other people.
What would truly make me happy will be the satisfaction of all the hard work that will eventually pay off for sticking with starting a business from scratch. And knowing that I can help others with my company and being able to lead and run my business as I see fit.

The way you feel reflects independence and self-reliance. I think of the "invisible hand" that moves markets. Starting a firm from scratch may be the best thing an entrepreneur can do. But let's be honest: the market is hard

If enthusiasm drives you, you may not be ready for the challenges ahead. Passion has started numerous businesses, but it doesn't guarantee success. Understanding supply, demand, and the myriad ways people compete is as important as hard effort for the economy

It's a fantastic idea to hire people and be your own boss, but how you do it will matter. Can you handle market stress? Will your interest last in a terrible economy? You can't allow your thoughts blind you; be realistic

[avp2306]

If you don't have any experience on business field the. Start from scratch so you would provably know what are important things that needed to take care with in a business.

But if you are well established businessman and can able to plant some on existing business then its good since you don't need to worry on how to market it because they already have establish their own brand. Its up to you on how can you maximize your bought  businesses so that it can generate you more money.

[Minor Miner]

Well I would much rather start a business from scratch because I know that I'll be running a business that I am truly passionate about. I know that I'll do what needs to be done to get my business up and running, whether it takes hours of research it will get done because I know it will benefit my business.
I also feel that I would be focused and truly dedicated to doing what I can to make my business successful. I would I want to be able to put a successful business plan for my company, be my own boss, and give employment to other people.
What would truly make me happy will be the satisfaction of all the hard work that will eventually pay off for sticking with starting a business from scratch. And knowing that I can help others with my company and being able to lead and run my business as I see fit.

When you start a business from scratch, you own it more. You control every step of the work. If there is a mistake, it is easier to find it. When you buy a ready-made business, there can be many unseen problems. You may not know what to do when you face these problems. That's why I prefer to start a business from scratch if I have the money. I would follow my dreams and try to be useful to people at the same time.

It is a good feeling to be able to give other people a job and help them earn an income. Therefore, I would like people who want to do their job well and be useful to others to open a business.

Acquiring a business also requires knowledge and experience. I mean, when you decide to buy a business, at least one of your areas of expertise, you already have experience in that area. And if you take over an existing business, you'll save a lot of time instead of building everything from scratch. With an acquired business, we already have customers, a reputation, and what we need to do is help it grow further. Buying an existing business or building one from scratch both has its pros and cons, depending on one's mindset.

[inthelongrun]

If you don't have any experience on business field the. Start from scratch so you would provably know what are important things that needed to take care with in a business.

But if you are well established businessman and can able to plant some on existing business then its good since you don't need to worry on how to market it because they already have establish their own brand. Its up to you on how can you maximize your bought  businesses so that it can generate you more money.

Both have their own pros and cons. But for me, it is best for someone that has no experience in the business field to just franchise an existing business. Franchising will let its potential partners undergo several trainings to teach them everything on how to run the business successfully. And in an existing business, there are already existing systems as well that save a lot of time and effort. Imagine looking for suppliers that are a little cheaper and at the same time its quality remains good. The workers will also be trained by the franchising company. This way, newbie businessmen take a shortcut and might have ample time to continue their jobs or do other stuff.

[dunfida]

If you don't have any experience on business field the. Start from scratch so you would provably know what are important things that needed to take care with in a business.

But if you are well established businessman and can able to plant some on existing business then its good since you don't need to worry on how to market it because they already have establish their own brand. Its up to you on how can you maximize your bought  businesses so that it can generate you more money.

Both have their own pros and cons. But for me, it is best for someone that has no experience in the business field to just franchise an existing business. Franchising will let its potential partners undergo several trainings to teach them everything on how to run the business successfully. And in an existing business, there are already existing systems as well that save a lot of time and effort. Imagine looking for suppliers that are a little cheaper and at the same time its quality remains good. The workers will also be trained by the franchising company. This way, newbie businessmen take a shortcut and might have ample time to continue their jobs or do other stuff.

Thats one of the pro's when you are really that tending to make some franchise or getting one on which you would really be trained up on how things do or operating so even if we do say that you dont have experience or

beginner then you would really be definitely be able to handle or known it out on how to manage out your business even if you are just new but this is really that according into someones preference since not all would really
be liking on having that shortcut when it comes to business and would really be liking for them to start on their own and would really be able to adapt and learn up to handle from zero until they would really become experienced. So this would really be just depending on your personal choice since there are people who do prefer this and prefer that.

Growing up a business with your own or from scratch would really be giving out that advantage that you do know on how things works and moves unlike when you do buy a current existing then there would
really be needing a time for you to adapt and make things familiarize but well it isnt really just that much hard though because you wont really be that dumb on buying a current business without having
those kind of thinking and considerations before you do proceed.

[dothebeats]

If you don't have any experience on business field the. Start from scratch so you would provably know what are important things that needed to take care with in a business.

But if you are well established businessman and can able to plant some on existing business then its good since you don't need to worry on how to market it because they already have establish their own brand. Its up to you on how can you maximize your bought  businesses so that it can generate you more money.

Both have their own pros and cons. But for me, it is best for someone that has no experience in the business field to just franchise an existing business. Franchising will let its potential partners undergo several trainings to teach them everything on how to run the business successfully. And in an existing business, there are already existing systems as well that save a lot of time and effort. Imagine looking for suppliers that are a little cheaper and at the same time its quality remains good. The workers will also be trained by the franchising company. This way, newbie businessmen take a shortcut and might have ample time to continue their jobs or do other stuff.

Thats one of the pro's when you are really that tending to make some franchise or getting one on which you would really be trained up on how things do or operating so even if we do say that you dont have experience or

beginner then you would really be definitely be able to handle or known it out on how to manage out your business even if you are just new but this is really that according into someones preference since not all would really
be liking on having that shortcut when it comes to business and would really be liking for them to start on their own and would really be able to adapt and learn up to handle from zero until they would really become experienced. So this would really be just depending on your personal choice since there are people who do prefer this and prefer that.

Growing up a business with your own or from scratch would really be giving out that advantage that you do know on how things works and moves unlike when you do buy a current existing then there would
really be needing a time for you to adapt and make things familiarize but well it isnt really just that much hard though because you wont really be that dumb on buying a current business without having
those kind of thinking and considerations before you do proceed.

I like this point a lot. This is also something that a lot of people overlook or forget. When you get a franchise it will feel like everything is being handed to you, like you are being spoonfed, like everything will always be presented to you and all you have to do is figure out what you will do with it. The ideas, equipment, the process, the system, (sometimes) the staff, the name and reputation of the business, and even the marketing straetgy will be taught and handed to you. It will be that easy, you will just have to figure out how you'll make the business grow from where it is currently at and even with that you'll get assistance.

[Twentyonepaylots]

Both have their own pros and cons. But for me, it is best for someone that has no experience in the business field to just franchise an existing business. Franchising will let its potential partners undergo several trainings to teach them everything on how to run the business successfully. And in an existing business, there are already existing systems as well that save a lot of time and effort. Imagine looking for suppliers that are a little cheaper and at the same time its quality remains good. The workers will also be trained by the franchising company. This way, newbie businessmen take a shortcut and might have ample time to continue their jobs or do other stuff.

This is exactly the same response I had in my mind after reading the post. Deciding whether to grow a business from scratch or buy an existing one can be challenging. It depends on your personal preferences and goals. If you have a strong vision and are willing to work hard, starting a business from scratch can be a great option. On the other hand, buying an existing business can provide a jumpstart with an established customer base and infrastructure. Ultimately, it comes down to weighing the advantages and disadvantages and determining the best fit for you and your aspirations.

[RockBell]

If you don't have any experience on business field the. Start from scratch so you would provably know what are important things that needed to take care with in a business.

But if you are well established businessman and can able to plant some on existing business then its good since you don't need to worry on how to market it because they already have establish their own brand. Its up to you on how can you maximize your bought  businesses so that it can generate you more money.

The experience is to be considered and in the absence of experience, I think a reach will help also get ideas from does doing the same business or similar, going into a business undergoing process help and reduces risk. I personally encourage mentorship aside from building you in business it builds your personality, I personally go with what you are saying about already established businesses having a lot of advantages since already laid knowledge is easier to go along with the market, compared to building a new idea, which ever making a smart decision will be best.

[so98nn]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

When we talk about a business takeover, we need to know all the ups and downs of that company because without properly amplified resources we can not expect much but the dust itself. It is a simple rule, if you are taking over then you will have to understand the insider structure first and that will take one of the vital resources from you which is your TIME. You can not beat that for sure, or else you will end up losing more money in the quick learning progress or by hiring more personnel to understand the entire process of that existing business. The takeover which we lear from guys like Elon Musk should not be taken as motivation because that man already has billions of dollars in his right and left pockets. If anything goes wrong he can just build the entire business out of scratch. It's better to start your own, you will learn along the way and you will connect more.

[Bushdark]

If you don't have any experience on business field the. Start from scratch so you would provably know what are important things that needed to take care with in a business.

But if you are well established businessman and can able to plant some on existing business then its good since you don't need to worry on how to market it because they already have establish their own brand. Its up to you on how can you maximize your bought  businesses so that it can generate you more money.

The experience is to be considered and in the absence of experience, I think a reach will help also get ideas from does doing the same business or similar, going into a business undergoing process help and reduces risk. I personally encourage mentorship aside from building you in business it builds your personality, I personally go with what you are saying about already established businesses having a lot of advantages since already laid knowledge is easier to go along with the market, compared to building a new idea, which ever making a smart decision will be best.

Starting afresh to grow a new business is never easy especially the money that we be involved in starting something new and waiting for some months or even years for the business to grow with time. This is a time of patience and when something wrong happens one will need to be ready to fix it because of competition that will be necessary to face.

The Challenges of starting your own business is huge except for the kind of business that does not have high competition. Going to partner with others that had already established there business or buying shares is a good way for us to invest our money and earn some good income which is always quick to grow than those that will be ready to start a new business which is required huge capital and the necessity of creating a brand.

[alastantiger]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

I have this dream of flipping businesses since I started to listen and follow some business gurus. I would go with starting a business and the selling it off once it reaches my target valuation. Just as we saw with Instagram, WhatsApp and so many other businesses. I'll start a business from the scratch, build it and then sell if off and go do another one. And the thing with this is that I don't even need to be personally involved in the day to day activities of the organization. I can hire competent and professional business executives to do that. This is my preference.

[Raflesia]

If you don't have any experience on business field the. Start from scratch so you would provably know what are important things that needed to take care with in a business.

But if you are well established businessman and can able to plant some on existing business then its good since you don't need to worry on how to market it because they already have establish their own brand. Its up to you on how can you maximize your bought  businesses so that it can generate you more money.

The experience is to be considered and in the absence of experience, I think a reach will help also get ideas from does doing the same business or similar, going into a business undergoing process help and reduces risk. I personally encourage mentorship aside from building you in business it builds your personality, I personally go with what you are saying about already established businesses having a lot of advantages since already laid knowledge is easier to go along with the market, compared to building a new idea, which ever making a smart decision will be best.

Starting afresh to grow a new business is never easy especially the money that we be involved in starting something new and waiting for some months or even years for the business to grow with time. This is a time of patience and when something wrong happens one will need to be ready to fix it because of competition that will be necessary to face.

The Challenges of starting your own business is huge except for the kind of business that does not have high competition. Going to partner with others that had already established there business or buying shares is a good way for us to invest our money and earn some good income which is always quick to grow than those that will be ready to start a new business which is required huge capital and the necessity of creating a brand.

It depends on the probability I think. if we have a greater chance with the previous business then indeed why try to create a new business that is not certain because we already have a basis in the existing business, but if in the end the business opportunities that we have arranged before fail and for future progress are also likely to be the same then it would be better to look for other alternatives to become a business.
Indeed, starting from scratch will not be easy because we have to redesign the plan from scratch and expenses will definitely be greater but if it is a better choice than the previous business that did not go well, why not because I think making such a decision must have had some prior consideration.

[Oilacris]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

I have this dream of flipping businesses since I started to listen and follow some business gurus. I would go with starting a business and the selling it off once it reaches my target valuation. Just as we saw with Instagram, WhatsApp and so many other businesses. I'll start a business from the scratch, build it and then sell if off and go do another one. And the thing with this is that I don't even need to be personally involved in the day to day activities of the organization. I can hire competent and professional business executives to do that. This is my preference.

On the time that you do reach out on a state on which you could already hire up people then you would definitely do it and this is the beauty if you did able to see such positive outcome towards the business you are dealing with. Basing up on the question whether you would start up from scratch or would be buying up someones business then it would really vary because success will vary on how you would really be handling out the business that you had purchased. You cant really just make yourself that able to assure about continous success but its really hard for some business owners would

really be selling out their business if it was profitable. On the time that they would be selling out a business then for sure you would really be assuming that there's something wrong with the business
whether its not profitable or in the verge for bankruptcy and you arent that dumb enough for you not to look out those conditions on the time that you would be buying it.
You wont really be that dumb on not to check everything before proceeding but in overall i would really be that sticking on something which i would be the one on building it from scratch.

[dothebeats]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

I have this dream of flipping businesses since I started to listen and follow some business gurus. I would go with starting a business and the selling it off once it reaches my target valuation. Just as we saw with Instagram, WhatsApp and so many other businesses. I'll start a business from the scratch, build it and then sell if off and go do another one. And the thing with this is that I don't even need to be personally involved in the day to day activities of the organization. I can hire competent and professional business executives to do that. This is my preference.

Many businessmen do that these days and I like it. I like your idea, it is smart and innovative in a way. You don't have to worry about what happens next after you sell it off or hired great business executives to do the next tasks for you. However, the kind of down side here is you have to have new ideas every time, you have to be able to know how to market smartly as you are not selling to just any consumers but to co-professional businessmen in the industry.

[Sexylizzy2813]

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

With the way the economy is I'd prefer starting a business rather than buying, in buying you spend more than when you start it yourself. Let's say I have the funds already I'd start it up myself. Is best to start from scratch with you knowing the in and out of the business you're getting in, if you're owing or not at least that's a business you begin with that shows honesty no lies and you'd be comfortable with everything that's goes in with it.
If should anything happens to it, it will be your fault and you have nobody to blame as a true businessman, other than  making use of an "already made business" where it's presented to you without all details given out to you and you have to figure out if the business has loop holes like depts and some other stuff you need to take care of to make it stable. To me is best to start up a business than buying an existing one.

[poodle63]

buy existing business if you can, if you see potential in it, honestly building business from scratch is really hard, even more so for someone without experience but by buying existing business you will already be given the knowledge and also the loyal customers that the business is having.
many might think starting business will be more viable for long term but thats just wrong, often time existing business is already thriving but stuck because improper management, just changing around some little thing could already make the business sky rocket its in contrast with starting business from scratch where you will need to find all the path you need to know which also gonna waste many of your money.

[gunhell16]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

First of all, we can't imitate Elon Musk because an ordinary person like me is not capable of starting a big business. You know, in traditional business, big capital and big earnings are often even tentative.

So for an ordinary person like me, I only have a small capital, but I aim for a high income as time goes by. Just be patient and be strong so that the business we will do will succeed. So, what I am saying is the way of a practical person. As long as you know how to handle the capital correctly, we can definitely grow it in the future.

[Wakate]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

I have this dream of flipping businesses since I started to listen and follow some business gurus. I would go with starting a business and the selling it off once it reaches my target valuation. Just as we saw with Instagram, WhatsApp and so many other businesses. I'll start a business from the scratch, build it and then sell if off and go do another one. And the thing with this is that I don't even need to be personally involved in the day to day activities of the organization. I can hire competent and professional business executives to do that. This is my preference.

Many businessmen do that these days and I like it. I like your idea, it is smart and innovative in a way. You don't have to worry about what happens next after you sell it off or hired great business executives to do the next tasks for you. However, the kind of down side here is you have to have new ideas every time, you have to be able to know how to market smartly as you are not selling to just any consumers but to co-professional businessmen in the industry.

Doing business all depends what sector  we want to invest our money and how frequent we are available to earn more money for ourselves. Whether we are starting a fresh business or we went to do partnership, it all depends on what kind of business we are interested in and what we tend to benefit investing in such a business. I will rather invest my funds in an online business than going for physical business where I would have to pay a lot of taxes and employing plenty people to work for the company. Everyone knows what is best for them and the kind of results they are looking for.

[passwordnow]

If someone is starting, it's best to own and begin with your own business. Not just that you'll feel the ownership of it but you will also understand the concept of building from scratch. And once you're done there, just repeat it until you go to the point that you're now buying other businesses just like what the rich do.


If you step up your game in the business sector. It is one way to grow your stay there and that's to acquire as much as business as you can based on your interest and growth that you're looking for. So, if I have all the resources, this is my type to grow business and also buy businesses that I want to continue whether they're already profitable or not but of course, it's more with the profitable ones.

[Porfirii]

If someone is starting, it's best to own and begin with your own business. Not just that you'll feel the ownership of it but you will also understand the concept of building from scratch. And once you're done there, just repeat it until you go to the point that you're now buying other businesses just like what the rich do.


If you step up your game in the business sector. It is one way to grow your stay there and that's to acquire as much as business as you can based on your interest and growth that you're looking for. So, if I have all the resources, this is my type to grow business and also buy businesses that I want to continue whether they're already profitable or not but of course, it's more with the profitable ones.

You summed it up very well: if this is your first business, I also think that growing your own business is better. This way, you can learn from the ground how everything works, you are able to make mistakes and learn from them, and it is still your personal project which can be abandoned if things go wrong and start a new one with the lessons learnt. The kind of activity that fits with the entrepreneurial personality.

But, when your business has grown, one typical way to keep growing is to buy existing ones that you think are promising/create synergies with the rest of your business/they are a bargain because they are on sale. Of course, to do that, you need the capital, and it is not generally a good idea to borrow it when you are starting and have no clue on how these things work. If you like these things, you'd better study M&A instead. The kind of activity that fits with the management oriented personality.

[Biznesmen]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

If the existing company meets my conditions and is within my budget, then I will buy the existing business; it would be more convenient for me. There are many reasons for that. First, the budget is much less when compared to starting a new one. Secondly, there are employees who are experienced, and there is no need to train them. Thirdly, don't waste time on paper work issues, building, technology, etc.And the reasons go on and on. And we also have the option to make whatever conditions we want before buying a company. So I don't see any red flags in buying an existing company, but green flags.

[angrybirdy]

If someone is starting, it's best to own and begin with your own business. Not just that you'll feel the ownership of it but you will also understand the concept of building from scratch. And once you're done there, just repeat it until you go to the point that you're now buying other businesses just like what the rich do.


If you step up your game in the business sector. It is one way to grow your stay there and that's to acquire as much as business as you can based on your interest and growth that you're looking for. So, if I have all the resources, this is my type to grow business and also buy businesses that I want to continue whether they're already profitable or not but of course, it's more with the profitable ones.

You summed it up very well: if this is your first business, I also think that growing your own business is better. This way, you can learn from the ground how everything works, you are able to make mistakes and learn from them, and it is still your personal project which can be abandoned if things go wrong and start a new one with the lessons learnt. The kind of activity that fits with the entrepreneurial personality.

But, when your business has grown, one typical way to keep growing is to buy existing ones that you think are promising/create synergies with the rest of your business/they are a bargain because they are on sale. Of course, to do that, you need the capital, and it is not generally a good idea to borrow it when you are starting and have no clue on how these things work. If you like these things, you'd better study M&A instead. The kind of activity that fits with the management oriented personality.

It's really better to grown your own business especially if this is your first business in your entire life, so that you'll get to know how to handle and how to manage everything from the scratch... Once your first business has grown and became successful, if you have enough money to buy an existing one of you want to avail franchise business then go, As long as you can manage it. Better to have a different type of business nowadays because were living in a modern society where everything changes the demand swiftly.

[Youngkhngdiddy]

It's really better to grown your own business especially if this is your first business in your entire life, so that you'll get to know how to handle and how to manage everything from the scratch... Once your first business has grown and became successful, if you have enough money to buy an existing one of you want to avail franchise business then go, As long as you can manage it. Better to have a different type of business nowadays because were living in a modern society where everything changes the demand swiftly.

  Starting your own business is far more accepted by me than buying an already existing business. Starting a business will provide you with the basic intelligence needed in the labour environment. You’d be more acquainted with the goals you set towards attaining growth in the business and you’d be the accountable to these goals. You’d be the one to know when to make an addition, a subtraction or division or multiplication in the business and you’d definitely the appropriate time to make these inputs. Starting your business will expose you to life as a new business owner and you’d even be more purposeful to push towards positive returns.
   Buying an already established business won’t give you the knowledge you’d require as a beginner. You’d be naive in the business space and you won’t be able to know the right decisions to be made when things get a bit messy for you. At the same time, as a business which you bought, it’d be difficult to redraft the blueprint that was already in use, and the time it will take to watch the economy, measure the strengths and weaknesses of the economy and in turn putting them into this blue print and ensuring the avoidance of errors would be more. To be honest, regardless of the difficulty in capital generation and general fears that may arise from the decision of starting a business yourself, it is far more advisable to do it cos the benefits to be enjoyed afterwards are always massive.

[Hewlet]

The decision to buy an existing business doesn't just come randomly like that, it is more of buying someone's idea than buying an existing business.

You can't compare a business that has first  existed in your mind before you put in the effort to make sure you bring it to reality with one you only see the possibility of a bright future and prospect in it. When people buy an existing company, the only thing normally change is the ownership of the organisation but the key persons and the elm I the managerial affairs of the business still continues to remain in the business if the business is to ever prosper offer the change of ownership.

This is just like asking if I would prefer to build a while from the scratch or would prefer to but an already built house. The decision to do any of the option will totally depend on factors like the benefit I will get from buying the house over building it from scratch, my financials strength at the moment, and if the house will give me the same satisfaction as when I build the house from scratch.

[DVlog]

It is not easy to grow a business from scratch and become successful in the end. Most of the business ideas failed to make a spot for themselves in the open market and this is why there isn't a second amazon or Twitter. Only the best ideas, efforts, marketing and investments saw the light of success. Yet there is no assurance that your business will be successful despite all these efforts.

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

If a business is doing good then it's a great deal to take it over at a reasonable price. Even though that business is not doing good still it is still better to buy that existing business as that business already has its infrastructure, team and recognition in the market. So with some effort and professional touch you can relaunch that existing business for a new milestone.

[CryptopreneurBrainboss]

If you don't have any experience on business field the. Start from scratch so you would provably know what are important things that needed to take care with in a business.

I have same advice as well because you need experience to be successful at anything that you want to do. If you want to be a renounced business owner, you need your own experience as most of the renounced business owners we know of started with their own businesses. You don't need to have that life breaking success with your business but you need it to have some level of success so you can channel those experience into the new business that you'll be incharge of which you can then buy with the profits you made from selling your first business. With the right knowledge you can hire people that'll make your new business a success even when you don't have the necessary skills needed for succeeding in the new business. Using Elon musk purchase of twitter as a perfect example, he doesn't have experience in social media or not much experience but has experience from making a business successful.

But if you are well established businessman and can able to plant some on existing business then its good since you don't need to worry on how to market it because they already have establish their own brand. Its up to you on how can you maximize your bought  businesses so that it can generate you more money.

When you have established yourself as a successful business owner no Matthew small, you won't need to do things yourself for your bought business to be successful because you'll be getting partnership knocking on your does from people with the experience and secret of making that particular business successful. People love to associate with successful people and you'll get experience workers to hire and then you get a successful business. You'll use the experiment you have gained from your other business to manage the new business properly. One of the things that makes a business successful depends on your communication skills as you can either motivate your workers with your communication skills or demoralized them and not make them productive which results in your business failing.

[btc78]

If i had the chance, i’ll buy an existing business

there’s always a risk of going bankrupt with any kind of business, new or old but i think starting a business from scratch would be riskier than buying a business that’s already been established and already has loyal customers/users for example with the case of X, it’s been such a hallmark in the world of social media and million of users all around the world are already using it and continue to do so no matter what Elon musk do to it starting a whole new social media app when there’s already an abundance of it might not be too smart

[Zanab247]

Buying existing business you don't have the idea, will make you not to achieve your goal in the future which are some of the things many people are doing today that is making them to feel all business are the same which are not correct. Using your money to grow business will help you to learn many things that will make you to exercise patience with that particular business for the right time to start earning from it to come.

I started a new business with the money I made from my BTC investment few months ago, which I no that before the business will reach like 3 or 4 years, I will recover the money I used to start the business because I have idea on that business right from child through my lovely parents.

[RockBell]

The decision to buy an existing business doesn't just come randomly like that, it is more of buying someone's idea than buying an existing business.

You can't compare a business that has first  existed in your mind before you put in the effort to make sure you bring it to reality with one you only see the possibility of a bright future and prospect in it. When people buy an existing company, the only thing normally change is the ownership of the organisation but the key persons and the elm I the managerial affairs of the business still continues to remain in the business if the business is to ever prosper offer the change of ownership.

This is just like asking if I would prefer to build a while from the scratch or would prefer to but an already built house. The decision to do any of the option will totally depend on factors like the benefit I will get from buying the house over building it from scratch, my financials strength at the moment, and if the house will give me the same satisfaction as when I build the house from scratch.

However, if a business is succeeding, there's no reason to sell something that has long been your passion. Instead, find investors and make them an offer to keep the business going. Purchasing someone else's concept isn't always a horrible idea—Elon acquired Twitter, for example—and many people have probably purchased businesses from others, and those businesses have ended up succeeding. Starting your own business is a dream come true for entrepreneurs since it's the most fulfilling feeling in the world to watch their idea come to fruition. Every option, whether to start or buy, is based on what each person wants. If someone feels they can buy and rebrand, that's still a good concept, and every choice they make has a purpose. It may have even worked out well for the buyers in the end.

[nara1892]

The decision to buy an existing business doesn't just come randomly like that, it is more of buying someone's idea than buying an existing business.

You can't compare a business that has first  existed in your mind before you put in the effort to make sure you bring it to reality with one you only see the possibility of a bright future and prospect in it. When people buy an existing company, the only thing normally change is the ownership of the organisation but the key persons and the elm I the managerial affairs of the business still continues to remain in the business if the business is to ever prosper offer the change of ownership.

This is just like asking if I would prefer to build a while from the scratch or would prefer to but an already built house. The decision to do any of the option will totally depend on factors like the benefit I will get from buying the house over building it from scratch, my financials strength at the moment, and if the house will give me the same satisfaction as when I build the house from scratch.

However, if a business is succeeding, there's no reason to sell something that has long been your passion. Instead, find investors and make them an offer to keep the business going. Purchasing someone else's concept isn't always a horrible idea—Elon acquired Twitter, for example—and many people have probably purchased businesses from others, and those businesses have ended up succeeding. Starting your own business is a dream come true for entrepreneurs since it's the most fulfilling feeling in the world to watch their idea come to fruition. Every option, whether to start or buy, is based on what each person wants. If someone feels they can buy and rebrand, that's still a good concept, and every choice they make has a purpose. It may have even worked out well for the buyers in the end.

True I would also assume like you, if the business they started from scratch is already at the point of success in the sense that it has grown significantly then I think they will have no reason to sell it, although it is still quite reasonable but it seems that they will not have an interest in selling something that they have built with all the difficulties that finally ended with success. Of course it's better to look for investors who will support your budget to further improve the performance of your business, that way your business will get bigger.

Success in building something will always be a special satisfaction for everyone, it's a very strong reason why they prefer to keep their business rather than sell it. Well that's also true, for the problem of whether they will buy other people's businesses or struggle to build from scratch basically it comes back to themselves, if indeed they do not want to be complicated by going through all the ups and downs of their business then it is clear that they will prefer to buy the results of others, But what should be noted in my opinion is that if you buy someone else's business then you have to re-learn about what to do, because in terms of management it must also be different, the point is you have to be able to adapt to the business you just bought, I hope you can do it because if you fail then the business will not run well or even very likely to go bankrupt. So basically it depends on their own choice whether they want to build their own or buy.

[Arenga pinnata]

If i had the chance, i’ll buy an existing business

there’s always a risk of going bankrupt with any kind of business, new or old but i think starting a business from scratch would be riskier than buying a business that’s already been established and already has loyal customers/users for example with the case of X, it’s been such a hallmark in the world of social media and million of users all around the world are already using it and continue to do so no matter what Elon musk do to it starting a whole new social media app when there’s already an abundance of it might not be too smart

Indeed, buying a business that has been running for a long time and already has regular customers will give us as new owners an advantage. Because we don't need to bother introducing our business to people because the business we run is already known to people. We only need to maintain the quality of service that exists at the company we have purchased. The case of Elon buying Although a lot of criticism was aimed at Elon when he fired many of the company's employees. But in reality, this platform can still run normally even though it has reduced employees.

Starting a business from scratch might also be very interesting and profitable if the business runs smoothly from the start. But when business doesn't run smoothly, that's when everything will become more chaotic. And actually it is riskier starting from zero.

[passwordnow]

If someone is starting, it's best to own and begin with your own business. Not just that you'll feel the ownership of it but you will also understand the concept of building from scratch. And once you're done there, just repeat it until you go to the point that you're now buying other businesses just like what the rich do.

If you step up your game in the business sector. It is one way to grow your stay there and that's to acquire as much as business as you can based on your interest and growth that you're looking for. So, if I have all the resources, this is my type to grow business and also buy businesses that I want to continue whether they're already profitable or not but of course, it's more with the profitable ones.

You summed it up very well: if this is your first business, I also think that growing your own business is better. This way, you can learn from the ground how everything works, you are able to make mistakes and learn from them, and it is still your personal project which can be abandoned if things go wrong and start a new one with the lessons learnt. The kind of activity that fits with the entrepreneurial personality.

But, when your business has grown, one typical way to keep growing is to buy existing ones that you think are promising/create synergies with the rest of your business/they are a bargain because they are on sale. Of course, to do that, you need the capital, and it is not generally a good idea to borrow it when you are starting and have no clue on how these things work. If you like these things, you'd better study M&A instead. The kind of activity that fits with the management oriented personality.

Yeah, whatever is the result of the start of your first business what matters there is the lesson that you'll have. Because you'll have the idea on how to put it up and what are the challenges that you need to face and to overcome. While others boil down straight in acquisition without any idea of how to run a business as a starter. They think that it's a good shortcut, well, it is a good shortcut but you don't go to that point yet when you're a novice in running a business.

I'll put it into this logic.
It's best that you know what you're driving and then when you know how to drive and you've got a proper license to drive. That's the point to start thinking of your dream of driving better cars or the cars of your dreams.

[Fortify]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

There are two different skillets employed between buying a pre existing business and building one from the ground up. If you're a specialist on one area, that gains experience over the year, you may be able to identify areas that do not work well from past failures. However you need to be more of a generalist with experience in many different sectors if you wish to be effective at taking over existing businesses, mainly because many people will be trying to scam you or overcharge you during the buying stage - you must make sure you are paying the right price, based on accurate info

[bhadz]

However you need to be more of a generalist with experience in many different sectors if you wish to be effective at taking over existing businesses, mainly because many people will be trying to scam you or overcharge you during the buying stage - you must make sure you are paying the right price, based on accurate info

This is like the insurance agents that are naming themselves as financial advisor. But in literacy, they're good with the product that they're selling but they're not entirely educated in finance just because they're selling a financial product. I might have a different approach to this one. Building from scratch is going to literally take time, experience, hardships, heartbreaks, upsets, and all of that usual thing for starting out with their businesses and they're normal. If I have the money, I'll find someone who's really experienced and has been in the business industry for how many years and will ask some tips to avoid the usual norms of mistakes come to me so, basically I'd start with scratch but if I think that I can't tolerate the heat, I might just get a leap of faith into buying existing business.

[junder]

If someone is starting, it's best to own and begin with your own business. Not just that you'll feel the ownership of it but you will also understand the concept of building from scratch. And once you're done there, just repeat it until you go to the point that you're now buying other businesses just like what the rich do.


If you step up your game in the business sector. It is one way to grow your stay there and that's to acquire as much as business as you can based on your interest and growth that you're looking for. So, if I have all the resources, this is my type to grow business and also buy businesses that I want to continue whether they're already profitable or not but of course, it's more with the profitable ones.

You summed it up very well: if this is your first business, I also think that growing your own business is better. This way, you can learn from the ground how everything works, you are able to make mistakes and learn from them, and it is still your personal project which can be abandoned if things go wrong and start a new one with the lessons learnt. The kind of activity that fits with the entrepreneurial personality.

But, when your business has grown, one typical way to keep growing is to buy existing ones that you think are promising/create synergies with the rest of your business/they are a bargain because they are on sale. Of course, to do that, you need the capital, and it is not generally a good idea to borrow it when you are starting and have no clue on how these things work. If you like these things, you'd better study M&A instead. The kind of activity that fits with the management oriented personality.

It's really better to grown your own business especially if this is your first business in your entire life, so that you'll get to know how to handle and how to manage everything from the scratch... Once your first business has grown and became successful, if you have enough money to buy an existing one of you want to avail franchise business then go, As long as you can manage it. Better to have a different type of business nowadays because were living in a modern society where everything changes the demand swiftly.

Therefore, in my opinion, I prefer to open a business from scratch, because then we will know all the things that must be prepared and what we have to face in the future. The struggle that we do for a business of course if done seriously will produce positive things so that it can benefit us alone, by opening our own business there will be a sense of joy and sorrow that we will feel from what we are struggling to become a place that produces and is profitable for ourselves.

I myself have done it because currently there are many coffee shops for young people to hang out with their friends or do their work. I tried to take the initiative to open a coffee shop with the concept of the present in one with the past. time after time I went through the complaints and sorrows I felt finally became a good result with what I wanted to achieve and produce. But all of that has a struggle. So in my opinion, struggling as much as we can will have results because basically "effort will not betray results" this is what I encourage myself. Self-confidence is also important in this field, before opening a business there must be confidence in yourself and then also don't be afraid to move forward because when it comes to risk there will definitely be only it depends on us whether or not we can face that risk.

[flyingcarpet]

It is not easy to grow a business from scratch and become successful in the end. Most of the business ideas failed to make a spot for themselves in the open market and this is why there isn't a second amazon or Twitter. Only the best ideas, efforts, marketing and investments saw the light of success. Yet there is no assurance that your business will be successful despite all these efforts.

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

If a business is doing good then it's a great deal to take it over at a reasonable price. Even though that business is not doing good still it is still better to buy that existing business as that business already has its infrastructure, team and recognition in the market. So with some effort and professional touch you can relaunch that existing business for a new milestone.

Starting a business from scratch causes dealing with many problems from the very beginning. Taking over an existing business comes with its advantages. What we need to pay attention to is why are they selling the business we are going to buy? If the answer to this is sufficient for you, then taking over is a logical thing to do.

Instead of doing many of the things necessary to ensure that the business makes a profit while trying to establish a business from scratch, when we take over a business, these necessary things are already provided. There are many details and you should consider every possibility before making this decision.

[erep]

Starting a business from scratch causes dealing with many problems from the very beginning. Taking over an existing business comes with its advantages. What we need to pay attention to is why are they selling the business we are going to buy? If the answer to this is sufficient for you, then taking over is a logical thing to do.

Instead of doing many of the things necessary to ensure that the business makes a profit while trying to establish a business from scratch, when we take over a business, these necessary things are already provided. There are many details and you should consider every possibility before making this decision.

If you are a professional businessman, you will choose the option of taking over a business because you have analyzed strategies to grow the business bigger, but you must have large finances to buy a trademark and buy all the details from the previous business owner.

But I am not interested in taking over a business even though I have business skills and financial support, but I will start a new business to increase entrepreneurship to build a business to achieve success.

[barisbilgili]

Starting a business from scratch causes dealing with many problems from the very beginning. Taking over an existing business comes with its advantages. What we need to pay attention to is why are they selling the business we are going to buy? If the answer to this is sufficient for you, then taking over is a logical thing to do.

Instead of doing many of the things necessary to ensure that the business makes a profit while trying to establish a business from scratch, when we take over a business, these necessary things are already provided. There are many details and you should consider every possibility before making this decision.

If you are a professional businessman, you will choose the option of taking over a business because you have analyzed strategies to grow the business bigger, but you must have large finances to buy a trademark and buy all the details from the previous business owner.

But I am not interested in taking over a business even though I have business skills and financial support, but I will start a new business to increase entrepreneurship to build a business to achieve success.

For those who choose to develop a business by buying a business, of course they must have large capital and good skills in managing a business and they must also know well whether the business they are buying is in a state of profit or loss. Starting a business from the first will certainly be very satisfying for us because the business idea is purely from us and it will be easy to run it because we have prepared everything from the start and I am sure we will easily be able to carry it out well and when we have achieved Success in the business we build is certainly very satisfying for us.

[slapper]

~snip~

Therefore, in my opinion, I prefer to open a business from scratch, because then we will know all the things that must be prepared and what we have to face in the future. The struggle that we do for a business of course if done seriously will produce positive things so that it can benefit us alone, by opening our own business there will be a sense of joy and sorrow that we will feel from what we are struggling to become a place that produces and is profitable for ourselves.

I myself have done it because currently there are many coffee shops for young people to hang out with their friends or do their work. I tried to take the initiative to open a coffee shop with the concept of the present in one with the past. time after time I went through the complaints and sorrows I felt finally became a good result with what I wanted to achieve and produce. But all of that has a struggle. So in my opinion, struggling as much as we can will have results because basically "effort will not betray results" this is what I encourage myself. Self-confidence is also important in this field, before opening a business there must be confidence in yourself and then also don't be afraid to move forward because when it comes to risk there will definitely be only it depends on us whether or not we can face that risk.

Starting from scratch is difficult, but it deepens knowledge. Knowing every aspect of your business is important and I believe in hands-on experience. This way of thinking is very useful in today's market. Your coffee shop concept that merges the past and present is innovative as global finance moves toward individualized experiences

I've seen it many times: micro-detail-focused companies succeed. Many entrepreneurs relate to your struggle to success. I've always said business success depends on effort. The hours, decisions, and risks you handle matter. Every great initiative starts with self-confidence, which you have in spades

In my experience, risk is like the tide  it ebbs and flows, but a solid foundation can weather any storm. Your coffee shop is a microcosm of the world economy,reflecting consumer trends and the importance of ambiance in customer experience. Never give up, and remember the power of 'I'. I take risks, make things happen, and profit.

[junder]

~snip~

Therefore, in my opinion, I prefer to open a business from scratch, because then we will know all the things that must be prepared and what we have to face in the future. The struggle that we do for a business of course if done seriously will produce positive things so that it can benefit us alone, by opening our own business there will be a sense of joy and sorrow that we will feel from what we are struggling to become a place that produces and is profitable for ourselves.

I myself have done it because currently there are many coffee shops for young people to hang out with their friends or do their work. I tried to take the initiative to open a coffee shop with the concept of the present in one with the past. time after time I went through the complaints and sorrows I felt finally became a good result with what I wanted to achieve and produce. But all of that has a struggle. So in my opinion, struggling as much as we can will have results because basically "effort will not betray results" this is what I encourage myself. Self-confidence is also important in this field, before opening a business there must be confidence in yourself and then also don't be afraid to move forward because when it comes to risk there will definitely be only it depends on us whether or not we can face that risk.

Starting from scratch is difficult, but it deepens knowledge. Knowing every aspect of your business is important and I believe in hands-on experience. This way of thinking is very useful in today's market. Your coffee shop concept that merges the past and present is innovative as global finance moves toward individualized experiences

yes exactly, because with us opening a business from scratch we will learn a lot of things related to business, as you said the business  aspects that we will certainly learn to apply in opening a business in the future. Because what I see in my country is a lot of people who open a coffee shop business like this but I haven't seen any coffee shops with a modern concept but there is also an old-fashioned concept so the impression is more clasic. with that I decided to open a coffee shop with a modern concept combined with old-fashioned. and I think this is quite reasonable for young people who like coffee or like to hang out.

I've seen it many times: micro-detail-focused companies succeed. Many entrepreneurs relate to your struggle to success. I've always said business success depends on effort. The hours, decisions, and risks you handle matter. Every great initiative starts with self-confidence, which you have in spades

Of course there must be confidence if you really want to open your own business, because if we want to open our own business but there is no confidence, it will give problems later, because with confidence we can be sure that the business we will run will produce its own benefits and can  develop in the future. If you don't have confidence, I suggest you don't open a business, rather become a part-time worker. Because indeed if to open your own business needs a strong determination and strong stance as well because there will be many obstacles that will be faced because of that there must be a strong mentality in opening your own business.

In my experience, risk is like the tide  it ebbs and flows, but a solid foundation can weather any storm. Your coffee shop is a microcosm of the world economy,reflecting consumer trends and the importance of ambiance in customer experience. Never give up, and remember the power of 'I'. I take risks, make things happen, and profit.

Of course, there must be self-confidence if you want to open your own business, because if you want to open your own business but you don't have self-confidence, it will give you problems later, because with self-confidence you can be sure that the business you will run will produce its own benefits and can develop in the future. If you don't have confidence, I suggest you don't open a business, it's better to be a part-time worker.
As well as the sale of products that can also ebb and flow, depending on us who market it whether we can market it well or not, because marketing will also affect the sale of our products, so as much as  possible marketing must be done to the maximum. So that it can attract people to visit our store and buy our products. For people who have a good dream must not know the word "give up", even if he fails in his business he will definitely try again by studying the mistakes that made his business fail.

[stomachgrowls]

Starting a business from scratch causes dealing with many problems from the very beginning. Taking over an existing business comes with its advantages. What we need to pay attention to is why are they selling the business we are going to buy? If the answer to this is sufficient for you, then taking over is a logical thing to do.

Instead of doing many of the things necessary to ensure that the business makes a profit while trying to establish a business from scratch, when we take over a business, these necessary things are already provided. There are many details and you should consider every possibility before making this decision.

If you are a professional businessman, you will choose the option of taking over a business because you have analyzed strategies to grow the business bigger, but you must have large finances to buy a trademark and buy all the details from the previous business owner.

But I am not interested in taking over a business even though I have business skills and financial support, but I will start a new business to increase entrepreneurship to build a business to achieve success.

For those who choose to develop a business by buying a business, of course they must have large capital and good skills in managing a business and they must also know well whether the business they are buying is in a state of profit or loss. Starting a business from the first will certainly be very satisfying for us because the business idea is purely from us and it will be easy to run it because we have prepared everything from the start and I am sure we will easily be able to carry it out well and when we have achieved Success in the business we build is certainly very satisfying for us.

If you do have the capital and do really have that passion then it wont really be that a problem when buying up some business but somewhat you wont really be that so dumb on not to have that feasibility study
basing up on that old business that you are trying to buy or takeover. You cant really just that make yourself on throwing up some funds on random on which it is really just that normal that you would really be having that kind of study first before making such step because its not easy to waste up some money for some business which isnt fit into your knowledge and into your passion.

In choosing in between things then i would always recommend to build a business from scratch. Why? You do really know on where you have started and you would be able to have a good grasps
on the business that you are making or taking. Although success rate wont really be that an assured thing since we do know that when it comes to busines then there would really be
tons of factors on which you would really be needing to consider not really just that on capital. You would really be needing to be wise on every decisions you would make.

[Obim34]

Starting a business from a scratch is not as easy like buying an already existing business. A lot of efforts, time, finance and marketing needs to be put together to make the well established whereas some good business can't make the opportunity to their prime.

Buying an already existing business, all you need is the money and little knowledge on how to upgrade and keep the business running so it will be less easy to operate on buying an existing business than creating from the scratch.
Many will decide by choice but buying an already existing business is the best only if you can afford the cost.

[Peanutswar]

Making a brand purchasing already built a good reputation in the community is ideal if you want to grab the opportunity of getting demand like the food industry there's a lot of purchase of the business they made because people know already the product, the quality, and the service and there's nothing wrong here if you can afford.

~~~
In choosing in between things then i would always recommend to build a business from scratch. Why? You do really know on where you have started and you would be able to have a good grasps
on the business that you are making or taking. Although success rate wont really be that an assured thing since we do know that when it comes to busines then there would really be
tons of factors on which you would really be needing to consider not really just that on capital. You would really be needing to be wise on every decisions you would make.

This part if focused on being an Entrepreneur like solving what the community really needs and not just wants. If you have the time and effort to build your own business that if people like sooner or later it will have its own branding and there's nothing wrong here that you can make your own product with your own service and name. At the end of the day we are counting the net profit of the business if profitable or not to continue the journey.

[gabbie2010]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

I prefer starting and growing a business from scratch this would enable me to make necessary amendment or correction if I encountered any problem with the business and as I grow the business definitely I would be gaining more experience on the business after many years in the business I would be able to tackle whatever issue that arises or occured having gained experience of many years on the course of growing the business, however it would absolutely be difficult to monitor an existing business without any prior experience a lot of businesses in my country requires some period of apprenticeship thereafter the person can startup the business I believe that is the best practice.

[kentrolla]

Starting a business from a scratch is not as easy like buying an already existing business. A lot of efforts, time, finance and marketing needs to be put together to make the well established whereas some good business can't make the opportunity to their prime.

Buying an already existing business, all you need is the money and little knowledge on how to upgrade and keep the business running so it will be less easy to operate on buying an existing business than creating from the scratch.
Many will decide by choice but buying an already existing business is the best only if you can afford the cost.

I would prefer starting business from scratch as that's how big brands and businesses starts because as per my experience and understanding one should know about every single thing about the business they are involved into and that's possible only if you start from scratch, also if someone is selling business either there are some challenges or its not the right thing to do hence they are selling off.I feel instead of diagnosing an problem and breaking out head by buying existing business it's better to start your own.

[itorai]

If possible, I will buy an existing business, because a business that is run from scratch will be harder to run, and requires more time, thought and capital. Maybe by buying an existing business and even running it, the results will definitely be stable.

[Winterfrost]

Buying an existing business does not just happen out of thin air, as there are a lot of things one will consider before making that kind of step. You need to have knowledge of how the business you want to acquire works and if you could actually benefit from buying it.

For starters, I will advise building up your own business from the start, studying the market condition of your desired business, and seeing the stress and process of running that business from scratch, as such a process will give you all the information you need in terms of decision-making, market demand, customer relations, and all that. By so doing, you will be able to gather the experience you need, and then if you desire a bigger brand that is already existing in the market and you have the financial capability to buy it,  you can go for it. then you will be rest assured that you will not mess up the business or rely on the existing company's employees to make things happen.

Before implementing the idea of buying a business i think the person has done proper research or may have planned very welll before making that decision. When i mean by planing, it involves studying the nature of the business, must had have the funds to buy the business (perhaps the plan would have taken the person some period of time to accumulate the money to buy the business), understand the risk involved and know the period of time it could take him/her to build reputation and customer trust.

[summonerrk]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

This question is very easy to answer. The point is that you always need to develop in what you can do better than others. We all know how to carry bags on our backs and do physical exercises, but everyone can do them. This is not talent and you need to look for some kind of peculiarity in yourself and, based on it, build your business or look for a business in which you will understand more than others. That is, you need to get to know yourself and understand yourself as a person, and then pay attention to trends and your capabilities, because investing without money will not work. In general, it is not easy to start doing something towards your goal, but any road begins with the first step.

[Fatunad]

Starting a business from scratch causes dealing with many problems from the very beginning. Taking over an existing business comes with its advantages. What we need to pay attention to is why are they selling the business we are going to buy? If the answer to this is sufficient for you, then taking over is a logical thing to do.

Instead of doing many of the things necessary to ensure that the business makes a profit while trying to establish a business from scratch, when we take over a business, these necessary things are already provided. There are many details and you should consider every possibility before making this decision.

If you are a professional businessman, you will choose the option of taking over a business because you have analyzed strategies to grow the business bigger, but you must have large finances to buy a trademark and buy all the details from the previous business owner.

But I am not interested in taking over a business even though I have business skills and financial support, but I will start a new business to increase entrepreneurship to build a business to achieve success.

For those who choose to develop a business by buying a business, of course they must have large capital and good skills in managing a business and they must also know well whether the business they are buying is in a state of profit or loss. Starting a business from the first will certainly be very satisfying for us because the business idea is purely from us and it will be easy to run it because we have prepared everything from the start and I am sure we will easily be able to carry it out well and when we have achieved Success in the business we build is certainly very satisfying for us.

If you do have the capital and do really have that passion then it wont really be that a problem when buying up some business but somewhat you wont really be that so dumb on not to have that feasibility study
basing up on that old business that you are trying to buy or takeover. You cant really just that make yourself on throwing up some funds on random on which it is really just that normal that you would really be having that kind of study first before making such step because its not easy to waste up some money for some business which isnt fit into your knowledge and into your passion.

In choosing in between things then i would always recommend to build a business from scratch. Why? You do really know on where you have started and you would be able to have a good grasps
on the business that you are making or taking. Although success rate wont really be that an assured thing since we do know that when it comes to busines then there would really be
tons of factors on which you would really be needing to consider not really just that on capital. You would really be needing to be wise on every decisions you would make.

Start from scratch all the way.  
 
I do agree into your points that resuming or continuing those current existing business or buying them up would be also still that ideal specially if its a profitable business but one question would really be coming up into your mind mainly on which, if it was that profitable then why would their owners will be selling it? If ever they arent, why would they allow or would agree if someone do make some offers on buying it? It doesnt really make sense.Starting up from small would really be giving out that kind of chance that you are really that able to solve for yourself, you would be able to monitor out yourself that effectivel.
I agreeo what you have said that starting from scratch until it would become bigger then it does signify that you are really doing well.

If possible, I will buy an existing business, because a business that is run from scratch will be harder to run, and requires more time, thought and capital. Maybe by buying an existing business and even running it, the results will definitely be stable.

Yes, you run from scratch is hard but the awareness and knowledge you do have on a business is great comparing that you are just simply buying it. Somewhat its true
that it would really be that simple on buying on specially that everything has been set up and you do really just need to run it with different management of course
but we know that there's still imposed risks when it comes to it. Doesnt matter on which one you would be choosing on which both
things will really be requiring that time and handling and budget and on everything.

[oktana]

If it happens that I have enough money to buy a business, I’d rather buy a business than build from scratch. This is because building from scratch can be time consuming. Imagine if Elon Musk wanted to create his own twitter from scratch, it will take so much time to have the number of users that twitter currently has. But the disadvantage that buying a business comes with is that there are some customizations you can never change. There are things you’ll have to just follow the way there are and before you purchase the business, you need to know those things and know if you can work with that.

[erep]

Yes, you run from scratch is hard but the awareness and knowledge you do have on a business is great comparing that you are just simply buying it. Somewhat its true
that it would really be that simple on buying on specially that everything has been set up and you do really just need to run it with different management of course
but we know that there's still imposed risks when it comes to it. Doesnt matter on which one you would be choosing on which both
things will really be requiring that time and handling and budget and on everything.

I differ from your opinion on this, because entrepreneurs who want to buy a business already have high entrepreneurial knowledge compared to new entrepreneurs and already have a history of experience managing large businesses before, they also already have plans, budgets, and other things to develop the business. Sometimes they buy a business at a high price because they already know the potential for higher profits from the business.

However, if business people do not have sufficient knowledge and have a limited budget, then the right choice is to open a new business to improve entrepreneurial abilities in managing the business.

[Iroh]

Starting a business from scratch causes dealing with many problems from the very beginning. Taking over an existing business comes with its advantages. What we need to pay attention to is why are they selling the business we are going to buy? If the answer to this is sufficient for you, then taking over is a logical thing to do.

Instead of doing many of the things necessary to ensure that the business makes a profit while trying to establish a business from scratch, when we take over a business, these necessary things are already provided. There are many details and you should consider every possibility before making this decision.

A business that’s being bought over by another business is likely headed to bankruptcy and would have to lay off its employees. This can be avoided by an acquisition. To avoid the mass layoffs and for profit reasons of course, another company could buy a failing business and then pump in both financial and man power resources to grow the business.

Buying a business seems to be more preferred than starting one. There’s still lots of work involved irrespective of whether you’re buying or starting one. You’ve got to be really wealthy to fund and bring a failing business back to life. Takes a whole of time, effort and of course, money.

[boyptc]

Those that have experience in business, it's easier to move on and buy businesses. This is what Microsoft and other huge companies does.

I think that you'll see your own progress when you're already on this point of way of your life in the business sector and that means that you're growing and making a better progress.

[poodle63]

Those that have experience in business, it's easier to move on and buy businesses. This is what Microsoft and other huge companies does.

I think that you'll see your own progress when you're already on this point of way of your life in the business sector and that means that you're growing and making a better progress.

i'd argue that its gonna be different if we are talking about some small business, because sometime starting over might be worth it if the business is not that complicated also have the advantage of making our own brand under our own name.
if its business acquisition like whats done by microsoft or other huge corporation companies out there they seemed to buy the system that some company built including their patents as well as their talent and workforce.
so arguably buying by shelling out some money maybe through posession of majority shares or just outright buying the private owned company might make more sense as to not rebuild everything from scratch since building one is rather difficult therefore large corporation wouldn't hesitate to shell out some good money for them.
after all there are also possibility of failure in the way of building such system.

[boyptc]

Those that have experience in business, it's easier to move on and buy businesses. This is what Microsoft and other huge companies does.

I think that you'll see your own progress when you're already on this point of way of your life in the business sector and that means that you're growing and making a better progress.

i'd argue that its gonna be different if we are talking about some small business, because sometime starting over might be worth it if the business is not that complicated also have the advantage of making our own brand under our own name.
if its business acquisition like whats done by microsoft or other huge corporation companies out there they seemed to buy the system that some company built including their patents as well as their talent and workforce.
so arguably buying by shelling out some money maybe through posession of majority shares or just outright buying the private owned company might make more sense as to not rebuild everything from scratch since building one is rather difficult therefore large corporation wouldn't hesitate to shell out some good money for them.

You've just said the pros and cons of acquiring business and starting from scratch.

after all there are also possibility of failure in the way of building such system.

Every business is certainly have that risk of failing. Because you are unsure if the first startup business that you are building will be in demand and good.

That's why to anticipate it is just for you to think of failure as a lesson. And that's why businessmen are expanding because of their experiences and learnings that've been made and gathered by them through those failures.

[doomloop]

If possible, I will buy an existing business, because a business that is run from scratch will be harder to run, and requires more time, thought and capital. Maybe by buying an existing business and even running it, the results will definitely be stable.

The results would only be stable if you are buying a business that you already know about or you have been planning to start yourself. If you were thinking of starting a clothing brand and you go and buy a restaurant, I don't think you would be able to run it as efficiently as you could if you had bought a clothing brand or a clothing store because that's your area of expertise and you probably have more knowledge and experience about that craft which you didn't pick when buying a running business.

Buying a business that you know nothing about is no less than starting a business from scratch apart from the fact that a business that is already running would have regular and returning customers while a new business wouldn't have that. However, you will have to learn everything from scratch about that business because even if it's not new, it's new for you.

[Antotena]

I totally agree with your perspective on starting a business from scratch. It's a challenging journey, but it offers invaluable hands-on experience and a deep understanding of every aspect of the business.

Understanding the business is a small task if you buy an existing business than starting from scratch. Even with money, you can hire the best experts into your business from scratch and might not go anywhere but already established business have many advantages that can be quickly manage and scale through. For instance, trademark and company name is something marketing would have induced into the mind of the public but perhaps taste change can make the business experience low sells and if eventually the business is sold to a new person, a strategic idea can lift the business from that bondage to get more sales. However, if it was a new business you might have a big barrier to enter a market most especially if there is competition.

The two have their challenges but today where the economy is shack globally and within the countries, it is difficult to start a business, if the country is not doing well, your chance of survival in a business will be very low and as such, you risk losing your investment and the business because to resell it might even be difficult to another person at the original price.

[Wakate]

Those that have experience in business, it's easier to move on and buy businesses. This is what Microsoft and other huge companies does.

I think that you'll see your own progress when you're already on this point of way of your life in the business sector and that means that you're growing and making a better progress.

We can go for whatsoever we are interested in especially if the funds is there. Getting funds these days is not easy and one would have to work with extra time before we earn good amounts of money that could pay our bills. It is good to start our business ourselves just like buying grown business too. Evening buying or partnerships with other businesses still has it own risks. It is good for us to start our business afresh so that we are sure and confidence to grow the business without any third party needed. If we are business owners I think we are going to know many things about businesses that would improve what we want to do.

[kentrolla]

Those that have experience in business, it's easier to move on and buy businesses. This is what Microsoft and other huge companies does.

I think that you'll see your own progress when you're already on this point of way of your life in the business sector and that means that you're growing and making a better progress.

This only applies to the big corporates who have enough experience and both financial and manpower muscle to take over without much challenges but for an individual it ends up as disaster as far as i have seen but it would depend on nature of business as different people have different mindset and business plans.

To make it clear everyone cannot acquire business and have a smooth transition and rather starting from scratch would help. These big corporates like Microsoft and others are successful and easily manages the acquired businesses because they started from scratch when they started their respective organisations and they are aware how things works.

[Miles2006]

If anyone wants to boldly sell his business even if the business brings profit or not the price will still be high, after buying such business how sure that business will stand or earn profit most especially when dealing with big business that needs new strategy every month. Before buying a business you need to consider the location cause a lot of business fall due to competition and if the new business can't withstand the competition the business will fall
I will not advice anyone to buy a business especially when the business is not standing strong, the strategy A use will be different from B strategy, buy a business when you know how the business works cause with the knowledge and resources you can buy a business.
Starting a business is just the best idea cause even with a little income everyone can start a little business, you just need a good strategy to grow the business.

[JoyMarsha]

I would prefer to build my business from scratch because those experiences are what make me a good entrepreneur. To build a business, you ought to know the best plan for making sales, which includes good customer relationships, a good marketing strategy, and quality products.

As a beginner, you are bound to lose and gain at some point and incur some challenges, all these make a good entrepreneur. But when you buy a business that has been built by someone, you are just like a stranger in an unknown land. You can never manage the business like the person who grew it. It will take a longer time to understand everything. You will not be able to prefer a solution when it is needed, because you didn't build from scratch.

[DYING_S0UL]

That totally depends on that person, don't you think? If I had business mindset or knowledge of it, I might consider both of them as a viable option. But if I'm someone with zero knowledge, both of them are risky. Although starting from scratch is slightly less risky than buying an existing one. What really matters the most in my opinion is experience. When starting from scratch, one can start small, try new things, experiment a little. But with existing business you have to cope with the previous management system. Study how it worked, what it lacked, how it should operate now. The responsibilities would be too much for a inexperienced person. 

[boyptc]

Those that have experience in business, it's easier to move on and buy businesses. This is what Microsoft and other huge companies does.

I think that you'll see your own progress when you're already on this point of way of your life in the business sector and that means that you're growing and making a better progress.

We can go for whatsoever we are interested in especially if the funds is there. Getting funds these days is not easy and one would have to work with extra time before we earn good amounts of money that could pay our bills. It is good to start our business ourselves just like buying grown business too. Evening buying or partnerships with other businesses still has it own risks. It is good for us to start our business afresh so that we are sure and confidence to grow the business without any third party needed. If we are business owners I think we are going to know many things about businesses that would improve what we want to do.

Well, you're a businessman now whether you're acquiring businesses or you're starting your own. These bills could have been paid with your actual business or with your other jobs that you do while establishing the one you own now.

Wherever you are good with, you gotta love what you do and that's for your own sake as you're growing your business alone and not others.

Those that have experience in business, it's easier to move on and buy businesses. This is what Microsoft and other huge companies does.

I think that you'll see your own progress when you're already on this point of way of your life in the business sector and that means that you're growing and making a better progress.

This only applies to the big corporates who have enough experience and both financial and manpower muscle to take over without much challenges but for an individual it ends up as disaster as far as i have seen but it would depend on nature of business as different people have different mindset and business plans.

Nope, it's applicable to everyone.

These big companies started from zero as well and learned all from their experiences and also from the other bigger corporations before.

To make it clear everyone cannot acquire business and have a smooth transition and rather starting from scratch would help. These big corporates like Microsoft and others are successful and easily manages the acquired businesses because they started from scratch when they started their respective organisations and they are aware how things works.

That's true that all of them started from scratch but why think that acquisition only applies for the big corporations? it's for everyone who are growing in business.

[topbitcoin]

I like both of these things, but before I decide to buy an existing business, it is important that I have sufficient experience in these matters. However, before I actually do that, I have to be able to start a business from scratch first. So that I can learn directly about how to manage a business well so that it can continue to run and develop. Because without this, when I buy a business, I am worried that if the person holding the business is me, sooner or later I will go bankrupt because I don't have enough experience in doing this. "Because there is a saying that says, when a field is held by someone who is not an expert, then just wait for its destruction."

And when we have sufficient experience, knowledge and abilities, even though the business we bought is in danger of going bankrupt, but when we are able to manage it well, it is not impossible that after the change of ownership, the business I bought can rise again. and continue to progress.

[Davidvictorson]

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

I will buy and existing business and redefine and remodify it. It has to be a business that is within my area of interest and expertise. There is no true path that guarantees business success as many successful people have both grown a business from scratch or bought an existing business and they are still doing huge numbers every year. It may mean a little shake up in the people and bring in new people but then the thing is that the hard work would have already been done what will be left is just to ensure its sustenance.

[Huppercase]

I would prefer to build my business from scratch because those experiences are what make me a good entrepreneur. To build a business, you ought to know the best plan for making sales, which includes good customer relationships, a good marketing strategy, and quality products.

I will love to do the same but the challenges in running a business from scratch is more than enough to discourage you before even starting the business. How many startup do we see in a year that close down on their first trial? It's even said that more than 90% of business failed on their first attempt, few survive in the second try because many of them don't come back again.

Having a business grow from bottom is good, it makes you a better person as to make decisions will not be something of headache but know that the road to successful business isn't a cake you can form overnight.

As a beginner, you are bound to lose and gain at some point and incur some challenges, all these make a good entrepreneur. But when you buy a business that has been built by someone, you are just like a stranger in an unknown land. You can never manage the business like the person who grew it. It will take a longer time to understand everything. You will not be able to prefer a solution when it is needed, because you didn't build from scratch.

As an already grown business, you have high chance of making it than a person that is starting from scratch because having a grown business means that you have employees already in the business that has experience in the company and knows things better, good suggestions and when you treat them well and pay them hood, they will put their life on the line to make sure your business succeed but if it was a new business, you will be struggling to look for optimum scaling of the business to reach the top.

[Woodie]

I think both options here have their advantages and disadvantages and comes down to preference and financial muscle.

For starters, buying an already existing company means buying its reputation, which means this can be an advantage for the new owners as they can build on it without having to do much of the heavy  lifting... a reason big cooperation do it too...though for some buying a company is to put the competition out if there is a product competing with them.

On the other hand, building a business from scratch has its challenges when starting off such as inexperience in how to go about running the business,  barriers to entry which means customers will shy away from doing business with you as you lack the reputation but with time things get to change as you know it inside out on how best to run it and pretty much have a better connection/understanding of the market & business itself.

For me the money available will decide which option to take.

[Twentyonepaylots]

I like both of these things, but before I decide to buy an existing business, it is important that I have sufficient experience in these matters.

On which I think only a few of us can understand. You  can't just go to a businessman and offer to buy his business.

For me business from scratch is hard to attain, building it all the way up would require so much time and passion unlike buying a business that if it makes profit and have a good cash flow you can take it and get passively from it. So I'll just a buy business instead but before that there are some things I need to consider like the timing, my skills if it relevant to the business, its market condition, etc. This topic is ultimately depends on each of us, some of us may find their success from zero and some of us may acquire a maintaining number. There's no better if you know all the advantages, you just need to consider the factors.

[Baki202]

I would prefer to build my business from scratch because those experiences are what make me a good entrepreneur. To build a business, you ought to know the best plan for making sales, which includes good customer relationships, a good marketing strategy, and quality products.

As a beginner, you are bound to lose and gain at some point and incur some challenges, all these make a good entrepreneur. But when you buy a business that has been built by someone, you are just like a stranger in an unknown land. You can never manage the business like the person who grew it. It will take a longer time to understand everything. You will not be able to prefer a solution when it is needed, because you didn't build from scratch.

The majority of people will want to build from scratch it business is called not a building everyone will advise you to start from scratch, the money available for you to buy instead you it to start and you know this days their are a lot of spaces that the government is not filling properly if anyone can identify does spaces housing, transportation, agriculture and this are things that have high demand and when you go into them you must succeed because there are people's lives at stake. 

And having a strong customer relationship is good, and how you sell your product is all part of the plan, as is the packaging; you just have to do so many things in business, especially keeping your consumers happy.

Gain and loss is a face that different people face, and while some people start well, the problems they experience along the way are minor, and any business that is launched must be taken carefully. Some people are savvy to take over any firm, but it is not recommended if there are loans on the ground and restarting the business will cost even more. It's a difficult one for them.

[oktana]

I would prefer to build my business from scratch because those experiences are what make me a good entrepreneur. To build a business, you ought to know the best plan for making sales, which includes good customer relationships, a good marketing strategy, and quality products.

As a beginner, you are bound to lose and gain at some point and incur some challenges, all these make a good entrepreneur. But when you buy a business that has been built by someone, you are just like a stranger in an unknown land. You can never manage the business like the person who grew it. It will take a longer time to understand everything. You will not be able to prefer a solution when it is needed, because you didn't build from scratch.

Yes. For someone who is starting out. But there will be a time where you’ve gone too far to start from scratch or would just prefer to save that time of starting from scratch for something else. Like in the US, you see people buying houses because they don’t have the time to build. It isn’t bad as long as it works for you. Someone like Bill Gates, if he wanted to buy a business instead of build one, it’ll be a great decision because he already knows a lot and buying it would save his time, etc.

[SatoPrincess]

If I could afford it, I think I would rather buy an existing business. The pros of buying an existing business makes the offer very tempting to pass. First, existing businesses already have a customer base which means I don’t have to do a lot of marketing because the product I’m selling isn’t a new one to the market. Secondly, before buying I can review the company’s books…how much money they make annually before and after taxes e.t.c. Lastly I can easily gather information I need to manage the business from the previous owners, asking them their company mission’s statement and goals, the challenges they had in the past e.t.c All these information will ensure I’m ready for what comes ahead.

[junder]

I myself prefer or prefer to start a business from scratch rather than buying a business that is already running, because I think like this, a business that is already running well of course has customers who already know each other, of course the business owner has his own way. myself to retain my customers, and when I bought the business I was afraid that customers who were already used to it would be reluctant to come back because my service would be different from the previous business owner, even though I had done the best I could, if they weren't comfortable it would be useless.

I prefer to start everything from the beginning because that way consumers will get to know me better as time goes by they will get to know me well because I started everything from the beginning, also by starting everything from the beginning I can learn a lot about business or business that is carried out, this is not a bad thing but a good thing that I can do, because that way I myself have my own experience with all the things that happen to what I do, risks, income, expenses, ideas, I want to feel all of that and I want to be able to be independent in running a business or business, in the future I will definitely feel the results myself. Sometimes other people only see the results and not the process.

[Y3shot]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

It depends if the business that is to be bought is a good one and no challenge, if their are no challenge it is not bad to buy already made business. But if their is a lot to be fixed it is better to start from the crash to lay a good foundation which will later be profitable in the future . It depends which one that will be more easy to run, I know their are some business that is not worth buying because the expenses in is more that it will be preferable to start a new business.

[Fortify]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

The major difference between these two is the start up costs. If you're beginning fresh, you have to construct the entire business - from sourcing the product or service that you wish to sell, to compiling the accounts, to customer services responses, to advertising management and many more things. That takes a lot of effort and experimentation to figure out what works correctly at the right price point. It'll be a lot cheaper because you have to figure everything out along the way. However if you go to buy a business then a lot of this will be figured out for you and hopefully shared, but you will pay a huge premium for the opportunity to take over someone elses income stream and there could be many pitfalls or missing information that mean it won't be as successful for you.

[stomachgrowls]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

The major difference between these two is the start up costs. If you're beginning fresh, you have to construct the entire business - from sourcing the product or service that you wish to sell, to compiling the accounts, to customer services responses, to advertising management and many more things. That takes a lot of effort and experimentation to figure out what works correctly at the right price point. It'll be a lot cheaper because you have to figure everything out along the way. However if you go to buy a business then a lot of this will be figured out for you and hopefully shared, but you will pay a huge premium for the opportunity to take over someone elses income stream and there could be many pitfalls or missing information that mean it won't be as successful for you.

But that start up would really be that much lesser compared into buying a current existing ones specially if it does already have that name and already have that good revenue on which it would really be added up on the value. This is why it would really be just that better that you should really be that having those kind of considerations on which one you would really be taking in, if you could be able to afford those current existing ones
and able to handle it out then it would be just fine but if its not and you do really want to handle into those businesses on which you are the ones who do make out that kind of start up, then it would really be your choice.

The difference about expenses when it comes to new and current existing then there would really be huge gap.There are people who do really likes on making their own business or idea that they do have in mind.
They arent that liking on running up continually into those projects that others had started and really just that want to start on their own.
So its a personal choice for someone who do have the capital on which one they would really be running.

[eightdots]

I would prefer to build my business from scratch because those experiences are what make me a good entrepreneur. To build a business, you ought to know the best plan for making sales, which includes good customer relationships, a good marketing strategy, and quality products.

As a beginner, you are bound to lose and gain at some point and incur some challenges, all these make a good entrepreneur. But when you buy a business that has been built by someone, you are just like a stranger in an unknown land. You can never manage the business like the person who grew it. It will take a longer time to understand everything. You will not be able to prefer a solution when it is needed, because you didn't build from scratch.

Starting a business from scratch brings risks as well as benefits. When you buy a business that already has customers, you already have customers, but when you start a business from scratch, you may not reach your target customers. This can cause you to lose capital.

I think the most important thing here is to remove uncertainty. If you know exactly the problems and the benefits of the business you are going to buy, then you should go for it. It can be an advantage to be present at every stage of the business that you are building from scratch, but there is a risk as there is no guarantee that you will be able to achieve this as the purpose of the business is to make a profit.

Neither option is without problems, but in general it depends on the person. Risks are in every business. Sometimes it is necessary to take risks, but acting in a planned way will minimize them.

[Kelward]

Starting a new business is good because it's your passion and the joy of watching it grow is something that is worth experiencing. You'll take a business that you started very personal because you wouldn't want your efforts to be in vain, thereby nurturing it like your baby and will do all it takes to make it work.

Despite the advantages and passion of starting a business from the scratch, if I have the means, I'll rather buy and existing business that is doing great in the market, because what it needs is a good or better management to continue giving unique outputs. If it's an industry that you're very familiar with or you can hire a professional team to head the business all the better and less stressful. Why nurture a business from the start, where you can buy it when it has grown, saves you time and stress of grooming it, what is important is if you can be able to sustain or surpass the growth of the business.

[bussybuddy]

Sometimes, strategic acquisitions can be like acquiring a masterfully crafted blade – it gives you a head start, a foundation built on someone else's sweat and toil. But just like wielding a new weapon, you need the know-how to handle it effectively.

Elon Musk's acquisition of Twitter is a perfect example. Sure, he may not be a social media guru, but his experience in building and disrupting industries equips him with the vision and leadership qualities to guide Twitter to new heights. He understands the power of leverage, knowing that surrounding himself with experienced talent will be crucial for success.

[topbitcoin]

I like both of these things, but before I decide to buy an existing business, it is important that I have sufficient experience in these matters.

On which I think only a few of us can understand. You  can't just go to a businessman and offer to buy his business.

For me business from scratch is hard to attain, building it all the way up would require so much time and passion unlike buying a business that if it makes profit and have a good cash flow you can take it and get passively from it. So I'll just a buy business instead but before that there are some things I need to consider like the timing, my skills if it relevant to the business, its market condition, etc. This topic is ultimately depends on each of us, some of us may find their success from zero and some of us may acquire a maintaining number. There's no better if you know all the advantages, you just need to consider the factors.

If you don't have enough experience and knowledge, how can you ensure that the business you buy will have the opportunity to make a profit? And meanwhile, of course, someone will not sell their business if the business is profitable. Someone will only sell their business when the business experiences serious problems or is on the verge of bankruptcy. And how can you possibly ensure that after transferring ownership the business will continue to progress and develop, if you yourself as the company owner do not have sufficient knowledge and ability to solve the problem.

Indeed, building a business from scratch is very difficult and not as easy as turning the palm of your hand. However, when we succeed in building a business gradually by going through all the processes until the business becomes big. So when you buy a company where the company is on the verge of bankruptcy, for you it is not difficult for you to revive the company. Because you are used to facing and solving problems that exist in a business.

[DYING_S0UL]

If I could afford it, I think I would rather buy an existing business. The pros of buying an existing business makes the offer very tempting to pass. First, existing businesses already have a customer base which means I don’t have to do a lot of marketing because the product I’m selling isn’t a new one to the market. Secondly, before buying I can review the company’s books…how much money they make annually before and after taxes e.t.c. Lastly I can easily gather information I need to manage the business from the previous owners, asking them their company mission’s statement and goals, the challenges they had in the past e.t.c All these information will ensure I’m ready for what comes ahead.

Well I guess, that's up to the person. If he is qualified enough to handle such work then why not. Also if he had past experience then that's a plus point for him. The only disadvantage I see is that, a existing business can come with many challenges. So if I'm not qualified enough or smart enough to handle everything swiftly, it might create a lot of pressure. I doubt that not everyone has such capabilities to handle those kind of mental pressure. One the other hand, if I start from scratch I can start small and grow it bigger over time. I assume you understand what I meant.

[Unbunplease]

Usually an existing business is sold if the owner did not calculate his forces, did not see the pitfalls, or if the business was conducted incorrectly, the location was wrong, or the initial investment was calculated incorrectly, or if in fact the business has low profitability. Therefore, of course, it is better to start a business from scratch, rather than buying an existing business

[slapper]

I like both of these things, but before I decide to buy an existing business, it is important that I have sufficient experience in these matters.

On which I think only a few of us can understand. You  can't just go to a businessman and offer to buy his business.

For me business from scratch is hard to attain, building it all the way up would require so much time and passion unlike buying a business that if it makes profit and have a good cash flow you can take it and get passively from it. So I'll just a buy business instead but before that there are some things I need to consider like the timing, my skills if it relevant to the business, its market condition, etc. This topic is ultimately depends on each of us, some of us may find their success from zero and some of us may acquire a maintaining number. There's no better if you know all the advantages, you just need to consider the factors.

If you don't have enough experience and knowledge, how can you ensure that the business you buy will have the opportunity to make a profit? And meanwhile, of course, someone will not sell their business if the business is profitable. Someone will only sell their business when the business experiences serious problems or is on the verge of bankruptcy. And how can you possibly ensure that after transferring ownership the business will continue to progress and develop, if you yourself as the company owner do not have sufficient knowledge and ability to solve the problem.

Indeed, building a business from scratch is very difficult and not as easy as turning the palm of your hand. However, when we succeed in building a business gradually by going through all the processes until the business becomes big. So when you buy a company where the company is on the verge of bankruptcy, for you it is not difficult for you to revive the company. Because you are used to facing and solving problems that exist in a business.

Does it seem unfair to think that every company for sale are time bombs? Business is more complicated. Strategic shifts, personal circumstances, and new challenges drive the sale of many profitable enterprises. This restricted vision ignores chances for skilled investors, even green ones. Let's discuss experience - or lack thereof. Isn't entrepreneurship about taking risks, learning on the job, and maximising resources? We must admit that sometimes the best lessons are acquired in the trenches, not in textbooks.

Sarting a business is hard and deserves praise. But why assume that reviving a struggling business is any less of an accomplishment? Each path presents unique obstacles and rewards. Entering a failing firm is an opportunity to innovate, restructure, and revitalise it. Isn't this the ultimate entrepreneurial test? The problem-solving abilities learned in such a situation are invaluable. You become resilient, resourceful, and adaptable. Why is resurrecting a business less noble or fulfilling than starting one from scratch? Each journey shows entrepreneurship's resilience?

[junder]

I like both of these things, but before I decide to buy an existing business, it is important that I have sufficient experience in these matters.

On which I think only a few of us can understand. You  can't just go to a businessman and offer to buy his business.

For me business from scratch is hard to attain, building it all the way up would require so much time and passion unlike buying a business that if it makes profit and have a good cash flow you can take it and get passively from it. So I'll just a buy business instead but before that there are some things I need to consider like the timing, my skills if it relevant to the business, its market condition, etc. This topic is ultimately depends on each of us, some of us may find their success from zero and some of us may acquire a maintaining number. There's no better if you know all the advantages, you just need to consider the factors.

If you don't have enough experience and knowledge, how can you ensure that the business you buy will have the opportunity to make a profit? And meanwhile, of course, someone will not sell their business if the business is profitable. Someone will only sell their business when the business experiences serious problems or is on the verge of bankruptcy. And how can you possibly ensure that after transferring ownership the business will continue to progress and develop, if you yourself as the company owner do not have sufficient knowledge and ability to solve the problem.

Indeed, building a business from scratch is very difficult and not as easy as turning the palm of your hand. However, when we succeed in building a business gradually by going through all the processes until the business becomes big. So when you buy a company where the company is on the verge of bankruptcy, for you it is not difficult for you to revive the company. Because you are used to facing and solving problems that exist in a business.

That makes sense, it's true that someone will not sell their business just like that if the business they are running is profitable, because it is also clearly a positive thing for themselves.  In my opinion, instead of buying a business but having no knowledge at all, it is better for them to invest in a business that is on the verge of bankruptcy, as long as they can choose the business they will invest in it will clearly generate profits later, and I agree with what you said, they must have good knowledge in the business they are transferring to continue to grow and be profitable.

Building a business from scratch is not as easy as turning the palm of the hand, but in my opinion this provides a good experience as well as many lessons that we can take from each process as well as the results that will make us satisfied if it is successful in developing and profitable even though it is difficult in my opinion it is not a reason not to do it because, success is on the side of people who want to try their best, that's what I think, I don't know if according to other people.

[Fara Chan]

Well I guess, that's up to the person. If he is qualified enough to handle such work then why not. Also if he had past experience then that's a plus point for him. The only disadvantage I see is that, a existing business can come with many challenges. So if I'm not qualified enough or smart enough to handle everything swiftly, it might create a lot of pressure.

It is indeed quite reasonable for every businessman when he is unable to handle every thing that arises while his business is running, because the main pressure usually comes from the business competitors themselves so every businessman has a duty to prevent his old customers from fleeing to other places with more differentiated service. So it becomes a pressure that comes naturally when a place starts to develop and a business starts to become famous throughout all corners and regions.

I doubt that not everyone has such capabilities to handle those kind of mental pressure. One the other hand, if I start from scratch I can start small and grow it bigger over time. I assume you understand what I meant.

Basically, everyone has their own ideas for developing a business, so there are those who prefer to develop it from scratch and there are also those who prefer to manage a business that is already running. But I think both can be quite good to do even though each person's level of competence is different as in what you have said above where it really depends on the person as well as on the ability to handle it better without complaining about the pressure that can come with himself regarding the business he runs.

[0t3p0t]

I think starting a new business comes with a lot more challenges that buying a franchise. Buying an existing business only needs consistency while the other one needs trial and error. But before jumping into one of the two choices just make sure to do a lot of research.

[Maslate]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

While it's always an edge if you grow your own business out from a scratch, but if you have already the knowledge and skills to grow a business, then starting a new business or buying an old business does not matter at all. What's important is you know how to establish your brand and maintain competition with other nearby businesses. That's the only way where your business will boom and grow in time. Otherwise, if you rely on other people to grow your own business, you can never guarantee success from your own business.

[Assface16678]

Well, there are risks in the two options. First, in growing your own business from scratch, of course, there are a lot of challenges in building up a business and making it grow or survive, but the thing is, of course, you will not build a business that you will let die out or go bankrupt, so you will know how to manage the business. Secondly, in buying an existing business, what is the reason why the business sells? Maybe there is a reason they are not doing well and can't maintain the business well. Though it is risky, it will also be an advantage because you already have the market and the customers; you just have to polish the business more to grow it and make it survive. In business, it's all about how you manage it and how you think rationally about your business. It's up to your skills to decide if you will succeed or not.

[TopT3ns]

Well, there are risks in the two options. First, in growing your own business from scratch, of course, there are a lot of challenges in building up a business and making it grow or survive, but the thing is, of course, you will not build a business that you will let die out or go bankrupt, so you will know how to manage the business. Secondly, in buying an existing business, what is the reason why the business sells? Maybe there is a reason they are not doing well and can't maintain the business well. Though it is risky, it will also be an advantage because you already have the market and the customers; you just have to polish the business more to grow it and make it survive. In business, it's all about how you manage it and how you think rationally about your business. It's up to your skills to decide if you will succeed or not.

Starting a business is indeed very difficult and full of risks of loss, but when you have prepared carefully and written down all your requirements and even thought about the risks when something undesirable happens, you will create a mature backup plan too, which you need to pay attention to when starting a business. Check market conditions and whether the product you want to have is in high demand or not. If the demand for the product you are selling is high, then it will be easy to make a profit, and the business you are running will definitely be easy to run. So paying attention to the market is also very important so that you don't start the wrong business.

[bettercrypto]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

You know it's better to start a small business; we ourselves will grow it, and we know the hardships we will go through here, because this will be our testimony and chapter of our lives before we become successful in the future.

It seems practical for people who are not rich, but if you are rich and you want a business, of course, in the traditional way, if the capital is big, the risk is also big, and if the management is right, the profit in the future is also big. But if it's a small capital, if you're determined and full of passion, the small capital can turn into a big profit in the future.

[nara1892]

Well, there are risks in the two options. First, in growing your own business from scratch, of course, there are a lot of challenges in building up a business and making it grow or survive, but the thing is, of course, you will not build a business that you will let die out or go bankrupt, so you will know how to manage the business. Secondly, in buying an existing business, what is the reason why the business sells? Maybe there is a reason they are not doing well and can't maintain the business well. Though it is risky, it will also be an advantage because you already have the market and the customers; you just have to polish the business more to grow it and make it survive. In business, it's all about how you manage it and how you think rationally about your business. It's up to your skills to decide if you will succeed or not.

Starting a business is indeed very difficult and full of risks of loss, but when you have prepared carefully and written down all your requirements and even thought about the risks when something undesirable happens, you will create a mature backup plan too, which you need to pay attention to when starting a business. Check market conditions and whether the product you want to have is in high demand or not. If the demand for the product you are selling is high, then it will be easy to make a profit, and the business you are running will definitely be easy to run. So paying attention to the market is also very important so that you don't start the wrong business.

True, therefore it is not uncommon or even a lot of some business people who end up failing in the process of fighting for their business, some people may only focus or focus too much on what is called success, I understand that is good but if you come without bringing any preparation then obviously I will say you are careless or even stupid. I only mean to blame those who do not bring basic preparations to start their business so of course in the absence of any preparation, especially to minimize all things that are not wanted, it is clear that something potentially bad can happen which can ultimately make our business stagnant without profit and what happens is that losses dominate.

Risk is really something that needs to be prioritized, it will not be as smooth as we imagine because the times are getting more modern which means that there are already very many competitors who have a better chance with the finances and preparations they have, at least building initial plans, conducting market research to find out what is being needed by the community at that time, having sufficient capital, having a strong mentality, never giving up, having high creativity and finally having good risk management management, I think with such basic things as preparation will make us more able to compete in business in this modern era.

[|MINER|]

Buying existing business doesn't seem reasonable to me. But if you are at a big stage then buy it. It depends on your money and position.  Because if you don't own enough money, you have to buy small business because of which you can be a victim of scamming.  I would say that you should start a business with your own intelligence. It is better to start a business with your own skills and take it forward.  It's also fun to run a small business on your own.

[boty]

Buying existing business doesn't seem reasonable to me. But if you are at a big stage then buy it. It depends on your money and position.  Because if you don't own enough money, you have to buy small business because of which you can be a victim of scamming.  I would say that you should start a business with your own intelligence. It is better to start a business with your own skills and take it forward.  It's also fun to run a small business on your own.

I agree with what you say, it is not a good choice to buy a business if we do not have sufficient finances to buy a business and buying a small business of course we have to work very hard to build the business we buy.
Building a business with the skills we have is certainly a very good thing because we can run the business well, because building our own business will certainly be very profitable for us if we have skills that we have mastered well and we can advance the business because we have the skills. that we have and this will be very enjoyable in going through the business development process.

[harapan]

  Starting a business is not a cup of tea. Those who dare to start their own business and make them successful, live their life. There are many advantages to starting your own business.I would prefer starting from scratch because the only way to really start a business is to do it from scratch.
   
   

[fredericktaylor]

Depending on your money you have to start a business, if your money is more then you can buy a business. In my opinion, buying a business would not be reasonable because buying a business involves a lot of risk.  If you start a small business, it will gradually grow and success will come. Start a business with your wits You'll never start a business with someone else's wits, and it's best to start a business by trusting your own wits.

[GigaBit]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

A business that can be run under your own control from the start is definitely a good initiative as a businessman. However, many may find it easy to build a new business from an existing business, but in reality it will be very difficult if you do not have the proper skills to manage that business. Because when you take the existing business for management, there will be some changes and if you cannot take proper decisions and necessary measures about that business then you will have to suffer in that business. We have seen Traitor change ownership where Elon Musk is the wisest and one of the richest men in the world. After he purchased Twitter, some of his new policies seemed to be detrimental to Twitter, but he has gradually tried to resolve the situation amicably. As he has excellent knowledge about IT. So he will not suffer. But anyone else could have failed to sustain its popularity in this concern.

[Fuso.hp]

If you are a businessman and you are looking to buy a new business or involve yourself in a new business then you must choose the type of business that you already have an idea about. A business you have no idea about but you won't like or a business you won't buy. We who are traders and those who want to buy from one business to another but try to get enough knowledge about the new business before buying. That's why it is important to get an idea about the new business because if we don't have an idea about the business we can face a big financial loss in that business. It's not really up to you or me, but the trader thinking of starting a new business will decide for himself which new business he should buy.

[passwordnow]

Depending on your money you have to start a business, if your money is more then you can buy a business.

Big companies do buy companies and if you are able to do that, means that you have a successful business and that's why you can acquire other businesses that you think you're able to grow and control.

In my opinion, buying a business would not be reasonable because buying a business involves a lot of risk. 

It is the same as starting and growing your business. Everything where our money is in the line involves risk, whether they're high or low risk, they're just the same in terms of talking about the risk because some may calculate the risk that they take, others don't. As long as they know what they are up to, that's what matters to them and if someone who's good in handling risks and able to grow businesses, that won't even be a question to them.

If you start a small business, it will gradually grow and success will come.

I agree but not all businesses grow and most of them fail during the start.

Start a business with your wits You'll never start a business with someone else's wits, and it's best to start a business by trusting your own wits.

That's true but you can get mentors when you start so that you'll be guided but every result will still depend on your dibs and that's why either of the two, the results will vary and dependent on your hands. Everything that you are involved with, you'll have to apply all of it, experience, mentorships, guides, etc.

[SmartCharpa]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

It's not easy to start a business, having a money doesn't ensure that a business will start and continue smoothly. Buying an existing business has its advantages because it is already operating smoothly and you won't have to start from scratch to build one, instead, you can contribute your ideas to ensure that the business continues to grow. I've seen a lot of people who want to launch a business but eventually give up not because they lack funds, but rather because they find it difficult to start from scratch. Many people have failed in their attempts to launch a business, which is why, if they have an idea, they choose to go after an existing business.

We also know that Elon Musk bought The X, formerly known as Twitter. This is not because he lacks the funds to create his own social network, rather, it will take him more than a year, so he chose for an existing one instead. It's still up to the individual, in my opinion, but if I had the money to acquire the company, I would probably prefer the existing business. 

[nara1892]

If you are a businessman and you are looking to buy a new business or involve yourself in a new business then you must choose the type of business that you already have an idea about. A business you have no idea about but you won't like or a business you won't buy. We who are traders and those who want to buy from one business to another but try to get enough knowledge about the new business before buying. That's why it is important to get an idea about the new business because if we don't have an idea about the business we can face a big financial loss in that business. It's not really up to you or me, but the trader thinking of starting a new business will decide for himself which new business he should buy.

There is a point, because before building a business or buying a business, we must realize about what business we really understand, whether it is in the field of selling or services and the important thing is not to let us choose a business that we do not understand at all, as you said that it is better for us to choose the type of business that at least we have had experience in the profession before because with that it will clearly make it easier for us to run it.

But on the other hand I think your advice will only be useful for those who are already experienced in the business world, while on the other hand it is not uncommon for people who have absolutely no experience whatsoever who want to start a business in the sense that they will start everything from scratch without any understanding, and maybe for those who have absolutely no experience inevitably they have to struggle from the beginning and go through all the processes with mistakes and failures that are very likely to occur, about that I think it really depends on them, if for example they have a very strong determination in running their business then I think they have a pretty good chance of success but if for example they are one of those people who do not have a strong mentality then maybe they will be one of those people who fail halfway, which is why it is very important to have a very thorough preparation in any case at the beginning of the involvement especially for those who just want to start.

[retreat]

A businessman does not see whether the business needs to be built from scratch or buy a business that is already running. He only sees future opportunities and efficiency to achieve those goals. For example, Elon Musk, he sees that now and in the future social media is still a place where many people will gather, socialize and discuss many things, he also sees that payment system integration is a good thing and that's why he prefers to buy Twitter and integrating the payment system there compared to building a similar business from scratch because he could save time in many ways even though he had to pay more and lose money in the process.
Or when he built SpaceX, he saw the opportunity that commercializing space travel was a good thing, so he intended to build a business in that field even though it took a long time and a lot of money in the process, but it was not as expensive as buying a similar company and its technology too it's obsolete. Moreover, in terms of space commercialization, there is no rush so he can build his company from scratch. It is proven that he succeeded in building SpaceX.
So whether you want to build a business from scratch or buy an existing business doesn't matter, what's important is the potential of the business, the time to achieve the goal, and how a businessman can manage the business until it is successful.

[tsaroz]

This would depend on the circumstances and nature of business. For most of the business, starting from scratch would give you more options but it would take time and probably much larger promotions to get regular customers. Buying a business have less flexibility but if you can provide similar or better service and product than the last winner than you would start to have a good stream of money right from the start.
Someone who want to grow and make the business huge with time and money at hand should start from scratch but the people who want a livelihood from the business now could perform better with buying established business.

[junder]

I don't really have much to say as regards to this post. It is just an avenue to hear your thoughts on which is better to invest both time, energy and resources in, mostly for a season as this, where we are experiencing economic uncertainty and ill-timed government banking policies.

So, given that the resources are available or not and you are presented with the opportunity to start/grow or buy an existing business just like Elon Musk, which option is more preferential and benefitial to you?

It's not easy to start a business, having a money doesn't ensure that a business will start and continue smoothly. Buying an existing business has its advantages because it is already operating smoothly and you won't have to start from scratch to build one, instead, you can contribute your ideas to ensure that the business continues to grow. I've seen a lot of people who want to launch a business but eventually give up not because they lack funds, but rather because they find it difficult to start from scratch. Many people have failed in their attempts to launch a business, which is why, if they have an idea, they choose to go after an existing business.

That's true, starting a business is not easy, and having enough money also doesn't guarantee that the business you are starting can run smoothly. because starting a business from scratch is not an easy matter because there will be many things that will happen including risks, many people fail in running a business because they cannot overcome the risks that occur, therefore before starting a business it is a good idea for us to learn all the things that related to the business that will be run, because clearly that will determine whether the business that is run will run smoothly or not. At least if you have knowledge about the business you are running, you can reduce the risk.

Sometimes, someone has an idea but doesn't have the money and vice versa, but in my opinion if they have an idea they can borrow money to start their business, provided they have to be sure that the business they are running can grow and generate profits for themselves. because there is a debt that must be paid and repaid.