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?
The major difference between these two is the start up costs. If you're beginning fresh, you have to construct the entire business - from sourcing the product or service that you wish to sell, to compiling the accounts, to customer services responses, to advertising management and many more things. That takes a lot of effort and experimentation to figure out what works correctly at the right price point. It'll be a lot cheaper because you have to figure everything out along the way. However if you go to buy a business then a lot of this will be figured out for you and hopefully shared, but you will pay a huge premium for the opportunity to take over someone elses income stream and there could be many pitfalls or missing information that mean it won't be as successful for you.