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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