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  • 4 years ago
Podcast: Denise Hall talking Starting vs Buying a Business -

Podcast: Denise Hall talking Starting vs Buying a Business -

I know. The idea of owning your own business is becoming a more attractive and popular option.

The idea of setting your own hours, having unlimited income potential and working in an area you are passionate about to bring value to the marketplace is an appealing alternative to an office environment, for a lot of individuals.

Statistically speaking though, most businesses fail within the first two years. Although there are many reasons why this is the case, a few common denominators exist around the initial set up and structure of the business. It’s not enough to have a good idea. Or, to even be good at what you do. This alone doesn’t necessarily translate to success at owning and managing your own business.

In order to increase your potential success rate, you might consider some alternative options to starting a business from scratch. Purchasing an already existing business is a viable options with a little less risk, or at least a different risk, involved.