Post
Topic
Board Economics
Re: Would you rather start/grow a business from scratch or buy an existing business?
by
Y3shot
on 24/12/2023, 09:10:44 UTC
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?
It depends if the business that is to be bought is a good one and no challenge, if their are no challenge it is not bad to buy already made business. But if their is a lot to be fixed it is better to start from the crash to lay a good foundation which will later be profitable in the future . It depends which one that will be more easy to run, I know their are some business that is not worth buying because the expenses in is more that it will be preferable to start a new business.