The risks of starting a business from scratch are greater than the risks of buying an existing firm.

Question

Quizplus · Accepted Answer

Starting a business from scratch involves more uncertainties compared to buying an existing firm because a new business does not have a proven track record or existing customer base, and it requires significant effort and resources to establish and grow. On the other hand, buying an existing firm provides more stability and a better understanding of the business's operations and financials.

The Risks of Starting a Business from Scratch Are Greater