If you’re reading this article, it’s probably because you’re oneof millions of people who dream of breaking free of indenturedservitude to make it on your own in a business of your own.When it comes to making the break from the paid workforceto business ownership, https://diversiongeek.com
you basically have two choices: tostart a new business from scratch (often in your basementduring the wee hours since you have to continue to workfull-time in your Just Over Broke J.O.B. to pay the bills untilyour business gets off the ground) or to acquire an existingbusiness.In this article, we look at the advantages, disadvantages,traps (and how to avoid them) and issues to be borne in mindwhen buying an existing business.ADVANTAGESThere are many advantages of acquiring an existing businessrather than creating one from the ground up, including: