A new owner of an existing business can generally introduce change and innovation almost as easily as if the company were a new business because employees and customers expect change in business practice when there is a change in ownership.

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While a new owner may have the opportunity to introduce changes, it is not necessarily as easy as with a new business. Existing employees and customers may resist changes due to established practices and expectations, making the process potentially more challenging.

A New Owner of an Existing Business Can Generally Introduce