Issa Asad Gives Reasons Why Buying a Business is Better Than Starting One
Are you planning to start your own new business? Be it your first business or yet another business after having launched many others, you surely must be geared up and excited. However, a sad fact is that most new businesses do not succeed. Thus, you are inviting high risks and have so much uncertainty to conquer. Does this mean you need to give up the idea of starting a business completely?
“No,” says Issa Asad Florida entrepreneur; Asad explained that “you still can own a business but instead of starting one you need to buy one.” Mr. Asad is the CEO of Q Link Wireless and Quadrant Holdings, located in South Florida. He is also the author of 4 e-commerce and marketing e-books that can be purchased on Amazon.
Yes, you read that right. There are many people who choose this option as there are many reasons why buying a business is better than starting one.
Here, Issa Asad Gives Reasons Why Buying a Business is Better Than Starting One:
1. Enjoy quick profits
Usually, when people start a new business their main clear aim is to make money. They want to start earning as fast as possible so that with that money they can give their families a better life, spend quality time with kids, travel with family, and enjoy life to the fullest.
However, what entrepreneurs generally fail to realize is that when they start a new business they will have to invest a whole lot of time into shaping it and then helping it grow. Furthermore, you will have to cross many hurdles, hire team members, handle unexpected expenses, and do a lot more even before you start earning anything.
If you buy an already existing business then you will be able to start enjoying profits immediately and all that financial freedom you have only always dreamt of will turn into reality instantly. All your precious time will be invested in enjoying life with dear ones and planning how you can grow your business even further.
2. No need to spend time in doing the groundwork
Yet another advantage of owning an established business is that you will not have to take the pressures of building a complete foundation. It is important for a business to have a strong foundation in order to survive, and it includes doing a lot like selecting good employees, the right policies, and standard operating procedures, and so on.
However, if you purchase a business then you are getting proper operational ecosystem with everything ready. You just need to enter as a new owner being well-aware that the groundwork has been completed and your business is ready to offer your profits.
3. No need to invest money
One of the most important reasons why people consider buying a business is because they will not have to spend anything on buying the already profitable business. Well, there actually are many strategies that you can make use of to buy an existing business and there is no need to invest money.
You may give an offer to the seller that they cannot refuse. For instance, make them a part of the deal and offer them a particular percentage of the company’s profit each month until a decided balance is cleared.