If you think that starting a business from scratch is too difficult but still want to have your own small business, you have choices. You should consider either:
- Buying a business - there are a lot of successful business owners out there who want to retire, particularly as the baby boomer generation gets closer to retirement age. In some areas you may be able to purchase a going concern for less than it would cost to set up the business yourself.
- Buying a franchise - you can take advantage of a successful business concept and still exercise your entrepreneurial urge by purchasing a franchise.
Buying a Business or Franchise
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