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Running Business : it depends on the kind of business and its market share that includes (Team, Capital. product, Project life cycle,...)
New One: that depend on economic situation of new business area, product, demand, culture , and the capital which i intend to start this business by.
As for me i prefer to buy running business.
If you really have to choose , start by pros and cons of each option.
If you choose to start a business you should begin from scratch developing your own ideas and building the company from the ground up, but take care! starting from scratch presents some distinct disadvantages, including the difficulty of building a customer base, marketing the new business, hiring employees and establishing cash flow...all without a track record or reputation to go on. So the second choice is buying an existing business, I think that buying an existing business is less risky than starting from scratch meanwhile when you buy a business, you take over an operation that's already generating cash flow and profits, that's great ! thereafter you already have an established customer base, reputation and employees who are familiar with all aspects of the business very well too! and bear in mind that if you buy a running business you don't have to reinvent the wheel setting up new procedures, systems and policies since a successful formula for running the business has already been put in place. However Cons of buying a business is often more costly than starting from scratch, however, it's easier to get financing to buy an existing business than to start a new one, for instances for me personally generally feel more comfortable dealing with a business that already has a proven track record, besides buying a business may give you valuable legal rights, such as patents or copyrights, which can prove very profitable to you. But finally to decide , there's no such thing as a sure thing and buying an existing business is no exception, and If you're not careful, you could get stuck with obsolete inventory, uncooperative employees or outdated distribution methods. But I advise you to make sure you get the best deal when buying an existing business, you must make a right choice, think thoroughly, make a research , take a look, consult experts…etc
agreed with the answer dr Ghada ..............
If you are confident of the already running business both in terms of financial record and assest management and the product related innovations, surely better to take over the business
But incase if you want to be a trend setter, then new one is suitable.
Well, that depends.. if you want to buy a running business that needs to do a research about what are you buying.. in the other hand, for me being an entrepreneur will be more challenging and you will be able to create your own Ethics and walk through you business like you want.
There are several wonderful answers herein already from great professionals, nothing to add
Thanks for the invite ............................ agreed with the answer dr Ghada
