Post
Topic
Board Economics
Re: Would you rather start/grow a business from scratch or buy an existing business?
by
Sexylizzy2813
on 04/11/2023, 00:16:13 UTC
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"[/hr] 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.