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I would prefer to buy an existing business because it often comes with established customers, brand recognition, and operational systems already in place, which can reduce the risks associated with starting from scratch. Additionally, existing financial data can provide insights into the business's performance and potential for growth. Starting from scratch, while potentially rewarding, typically involves more uncertainty and a longer timeframe to achieve profitability.
What else can I help you with?
Why would an entrepreneur prefer to launch an entirely new venture rather than buy an existing firm?
the firm might have a bad track record
How can one buy an existing business?
To buy an existing business you must first find a business that is available to buy. Once you have found one you must look at the company's financial statement to see if it is worth buying. You must then negotiate a price and find the financing to purchase. It would be best to seek the advice of an accountant and a lawyer before purchasing any business.
Can you open a cleaning company under your present residential contractors liability insurance?
You can add the new business to your existing policy. The cleaning company would not be covered until you add it to the policy.
What are some good small business opportunities?
Some of the best small business opportunities lie in computers. We will always have computers and those fields are continually changing and looking for people skilled in that field. Another good small business is in caring for senior citizens as the baby boomers get older that field will continue to grow.
Why would an entrepreneur would want to start a business as a franchise?
to take a brand of that paticular business
Why do some programmers prefer to write a program from scratch rather than modify a program written by someone else?
Professional programmers would never write code from scratch if they could avoid it, but there may be legal reasons why an existing program cannot be modified. Amateur programmers and hobbyists. however, will often write programs from scratch purely to exercise their problem-solving abilities.
Should you terminate the staff when buying an existing business?
There are pros and cons to this. On the pro side, if you plan to keep existing customers and would like a continuity of cash flow, then keeping existing staff would be beneficial. Some customers may stay loyal to the staff, or prefer certain people. You do not have to interrupt business to take the time to train new people in new positions. On the con side, if the business was bought because it was failing-maybe the existing staff are a factor in that. They may resent new ownership, and in the end-no one likes being told what to do by the new guy.
Do women prefer to buy cake mix?
I think women would rather like to make a cake from scratch unless they don't like baking.
How do you split capital when a partner comes into a business?
That would depend on what they bring to the table. They may bring; Cash Assets, such as an existing business Skills Business Contacts
Is last-stitch.com legit?
It is an existing business - but that doesn't necessarily make it a legitimate business. You would have to research the company to make your own judgement.
An evaluation of franchising would conclude that this type of arrangement?
appeals to people who want to own a business, but are not comfortable starting a company from scratch.
Why would an entrepreneur prefer to launch an entirely new venture rather than buy an existing firm?
the firm might have a bad track record
Can you make a Cassette Deck?
I'm not sure how you would go about creating a cassette deck from scratch but I did find an article on how to repair an existing one at http://www.ehow.com/how_114068_troubleshoot-cassette-deck.html.
Is scratch a noun?
Well a scratch on your face would be 'a scratch' so it would be a thing, or a noun. But to scratch something would be an action or a verb; 'to scratch' is an action word and a verb.
At which point in a business cycle would you prefer to be the peak or the trough?
ATV the peak because the employment situation is better then at the trough
If you are setting up an existing business on Quickbooks what equity account would you use to offset the expense and income accounts?
I use asset accounts. It really depends on your business. Do you have an accountant?
Can you advertise other businesses within your business i.e if you own a pub can you advertise the local chip shop or plumber in your pub?
You would always need permission and should have a contract drawn up for both parties allowing one business to promote another. The days of 'I'll scratch your back if you scratch mine' are gone.
