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.