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?
A business that can be run under your own control from the start is definitely a good initiative as a businessman. However, many may find it easy to build a new business from an existing business, but in reality it will be very difficult if you do not have the proper skills to manage that business. Because when you take the existing business for management, there will be some changes and if you cannot take proper decisions and necessary measures about that business then you will have to suffer in that business. We have seen Traitor change ownership where Elon Musk is the wisest and one of the richest men in the world. After he purchased Twitter, some of his new policies seemed to be detrimental to Twitter, but he has gradually tried to resolve the situation amicably. As he has excellent knowledge about IT. So he will not suffer. But anyone else could have failed to sustain its popularity in this concern.