Quote from: Fortify on Today at 09:26:44 AM

Quote from: Cryptomultiplier on August 05, 2023, 04:26:46 PM

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.

But that start up would really be that much lesser compared into buying a current existing ones specially if it does already have that name and already have that good revenue on which it would really be added up on the value. This is why it would really be just that better that you should really be that having those kind of considerations on which one you would really be taking in, if you could be able to afford those current existing ones
and able to handle it out then it would be just fine but if its not and you do really want to handle into those businesses on which you are the ones who do make out that kind of start up, then it would really be your choice.

The difference about expenses when it comes to new and current existing then there would really be huge gap.There are people who do really likes on making their own business or idea that they do have in mind.
They arent that liking on running up continually into those projects that others had started and really just that want to start on their own.
So its a personal choice for someone who do have the capital on which one they would really be running.