Buying an established business is generally less risky than starting a business from scratch.

Question

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Buying an established business means that it already has a customer base, proven products or services, established systems, and a track record of financial performance. These factors reduce the risk compared to starting a business from scratch, where there is no guarantee of success. However, there are still risks involved in buying an established business, such as inheriting legal liabilities, outdated equipment or technology, and hidden financial problems.

Buying an Established Business Is Generally Less Risky Than Starting