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.