Product category:
Marketing strategy and consultancy
News Release from: Sunbelt Business Brokers
Edited by the Marketingservicestalk Editorial
Team on 12 November 2007
Business start-up versus buying a
business
On first thought, starting a business from scratch can be an exciting prospect; you can develop your own customer base and shape the direction of the company.
However, there are some distinct disadvantages that are worth considering; the initial cost will be very high, especially in regards to equipment and promotional costs, also brand recognition would have to be built up, which could prove more difficult with a lack of competitive advantage In light of this, it is worth considering that 86 per cent of all start-ups fail, while 95 per cent of existing businesses that are purchased are still successful five years later
Buying an established business provides you with key assets, trained staff, clients and most importantly, cash in the drawer from day one.
Purchasing a business that is already successful not only means that initial costs are cheaper, but also a competitive position in the market is already established.
The seller will provide you with knowledge of expenses, competitors and revenues as well as handing over an established foundation of supplier relationships.
At first, buying a business may seem to be competitive, time-consuming and often a frustrating process, so working along side a leading business broker, such as Sunbelt, can make the transaction smooth and uncomplicated.
Sunbelt Brokers are trained to find solutions to the problems you can encounter trying to get to completion.
A Sunbelt Broker offers personal dedication along with global experience in buying and selling businesses and they will assist you every step of the way, of what may, in the beginning, seem an overwhelming process.
If you would like further information about how Sunbelt can help you during each step involved with buying a business, please contact us.
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