SHOULD YOU PURCHASE A BUSINESS OR START FROM SCRATCH?
SHOULD YOU PURCHASE A BUSINESS OR START FROM SCRATCH?
There are two major ways of owning a business. You can either buy one or start one. Many people have always found themselves wondering about this issue not knowing what to do or what to choose between the two. While there are factors that make both ways equally as good and rewarding, it is important to come to a decision. Even so, everything will come down to the convictions that one will have after reading this article.
STARTING YOUR OWN BUSINESS
When you start your own business, you will have the following advantages
• You will watch it grow from scratch to the biggest investment of your life.
• You will be in a position to rightfully own all the rights to claim that you are the sole person responsible for the growth; you can take all the credit.
• It will make you work harder because you know how hard it was for you to start.
• You will value it even more because of the blood and sweat you put into it.
• You have the privilege of choosing how to do everything because it all begins with you and end with you.
BUYING A BUSINESS
The advantages of buying a business include:
• The hurdles of starting a business are taken away from you.
• You get to own an already established business, and all you have to do is to improve it.
• Everything is set in place, and you are continuing from there.
• The business relationships are already established, so you just have to maintain them as you expand them.
• The growth process is faster and easier.
Depending on what will work best, you can choose as you please. As much as buying businesses can prove to be expensive, starting one from scratch can equally expensive. Therefore, do not concentrate on the price but in the good that each ownership method has. This way, you can decide on what will work best for you; just ensure that wisdom, knowledge, and good judgment plays a crucial part in the business.
Congratulations @speedcuber! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations! This post has been upvoted from the communal account, @minnowsupport, by 3x3 from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.
Buying a business might be easier that starting from scratch. But a person should start and grow atleast one business from scratch. The lessons he learn from that will remain invaluable.
This post has been ranked within the top 80 most undervalued posts in the first half of Aug 06. We estimate that this post is undervalued by $9.36 as compared to a scenario in which every voter had an equal say.
See the full rankings and details in The Daily Tribune: Aug 06 - Part I. You can also read about some of our methodology, data analysis and technical details in our initial post.
If you are the author and would prefer not to receive these comments, simply reply "Stop" to this comment.
Congratulations @speedcuber! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations @speedcuber! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPEste Post ha recibido un Upvote desde la cuenta del King: @dineroconopcion, El cual es un Grupo de Soporte mantenido por @wilbertphysique, @yoenelmundo y 5 personas mas que quieren ayudarte a llegar hacer un Top Autor En Steemit sin tener que invertir en Steem Power. Te Gustaria Ser Parte De Este Projecto?
This Post has been Upvote from the King's Account: @dineroconopcion, It's a Support Group run by @wilbertphysique, @yoenelmundo, and 5 other people that want to help you be a Top Steemit Author without having to invest into Steem Power. Would You Like To Be Part of this Project?
Congratulations @speedcuber! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations @speedcuber! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations @speedcuber! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOP