Post
Topic
Board Economics
Re: Would you rather start/grow a business from scratch or buy an existing business?
by
Davidvictorson
on 23/12/2023, 13:15:50 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?
I will buy and existing business and redefine and remodify it. It has to be a business that is within my area of interest and expertise. There is no true path that guarantees business success as many successful people have both grown a business from scratch or bought an existing business and they are still doing huge numbers every year. It may mean a little shake up in the people and bring in new people but then the thing is that the hard work would have already been done what will be left is just to ensure its sustenance.