It is not easy to grow a business from scratch and become successful in the end. Most of the business ideas failed to make a spot for themselves in the open market and this is why there isn't a second amazon or Twitter. Only the best ideas, efforts, marketing and investments saw the light of success. Yet there is no assurance that your business will be successful despite all these efforts.
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 a business is doing good then it's a great deal to take it over at a reasonable price. Even though that business is not doing good still it is still better to buy that existing business as that business already has its infrastructure, team and recognition in the market. So with some effort and professional touch you can relaunch that existing business for a new milestone.