Quote from: Lanatsa on Today at 07:28:19 PM

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
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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.

Quote from: Adbitco on Today at 08:44:20 PM

Quote from: Adbitco on Today at 08:19:48 PM

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.