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benjamin has recently received a large estate settlement, and he is eager to use the money toward the purchase of a successful business that is already in operation. which of the following should be discouraged as a source for finding businesses for sale?

Respuesta :

Phonebook should be discouraged as a source for finding businesses for sale.

Is buying an existing company a wise move?

There is less risk. Buying an established business is intrinsically less hazardous than establishing one from scratch because it already has goodwill, is operational, has clients and customers, personnel, systems, suppliers, financial history, a location or locations, and you might be able to convince the seller to finance it. When there is demand, go there. Look for markets where your goods or services are in high demand or where there is little to no competition. To make sure your company fits into the local market, you should, if at all possible, move your operations to a location where the other businesses on the block are complementary.

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