Buying a Business vs. Starting One: Which Is Better?

There's a massive shift about to happen in the business world. Millions of small business owners are getting ready to retire in what's being called The great ownership transfer. The crazy thing is, a lot of them don't have a plan for who's going to take over. Which means around one million businesses worth about five trillion dollars are going to need a new owner over the next decade. If you've ever wanted to own a business, this could be one of the biggest opportunities you'll ever see.

But Is buying a business the right move? I've coached a lot of business owners over the years, and one of the biggest misconceptions I hear is that buying a business is somehow the easier path. Social media makes it look like there are these can't fail businesses just sitting around waiting for somebody to scoop them up. That all you have to do is sign the paperwork, then sit back and collect the checks. Well

That sounds great. And buying an existing company can be an incredible opportunity. But it only works when you understand exactly what you're buying and You're prepared to lead it well. Just because somebody else built the business.

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