In evaluating an existing business,entrepreneurs should seek to answer several questions,including:

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While all of the questions are important, D is the most relevant when it comes to evaluating an existing business. Legal aspects such as contracts, licenses, permits, and regulations can greatly impact the success and profitability of a business. Without proper consideration and understanding of legal requirements, entrepreneurs may find themselves facing costly fines or even going out of business. The other options, such as financing and business brokers, can come into play later in the process after legal aspects have been addressed. The question about hot industries is also relevant, but it should not be the sole determining factor in evaluating a business.

In Evaluating an Existing Business,entrepreneurs Should Seek to Answer Several