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Even if you are buying a business, it will take time to learn how it operates and where its weaknesses lie in order to craft a proper growth strategy.One advantage that purchasing an existing business provides for the inexperienced owner is the relationships with the former owner, employees, and vendors.The most important reason is the startup failure rate for all newly launched businesses: It's high, and if you're not a risk-taker, this could be a deterrent.The same is true of franchises, especially if you consider that the "turnovers" many franchisors refer to are actually business failures.In fact, the failure rates of businesses that have been around for at least five years is quite low.

Once you decide these things you can make a decision on how to proceed.If you're getting serious about joining the entrepreneurial ranks, you're probably considering launching your own venture or maybe buying a franchise or business opportunity.But have you thought about buying an existing business?According to some business experts, it's the safest and most effective way to go into business for yourself.But why should you consider buying a business as opposed to starting your own company, or even buying a franchise?With a start-up, you create value in the business with every good decision you make.