Zitha Dube
1 minute read
8 Sep 2014
6:00 am

Tips on buying a business

Zitha Dube

Buying an existing business can come with several advantages.

Among them are: the element of reducing uncertainty, as the business will come with a lot of information about its operations, helping to answer the questions about the many unknowns an entrepreneur is usually faced with when starting from scratch; the opportunity to commence speedily; and also the chance to acquire an established entity at a price below what it would cost to start from the ground up.

Ongoing operations and established relationships with customers and suppliers are an added advantage. For first-time business operators, an established business helps a great deal in on-the-job-training for the owner.

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