Many entrepreneurs feel that purchasing an existing business is like buying a used car.
You inherit all the problems and headaches that someone else has caused. However, purchasing a business can be an attractive alternative to starting one of your own. Overall, the risks associated with entrepreneurship are less in buying a business than in starting a new business. There are many advantages to buying an existing business, especially if you know the owner and his or her business. The entrepreneur who starts a business spends considerable time, money and effort building an organization and developing an effective operating system.