Many find the idea of running a small business appealing, but lose their motivation after dealing with business plans, investors, and legal issues associated with new start-ups. "About half of all new establishments survive five years or more and about one-third survive 10 years or more. As one would expect, the probability of survival increases with a firm’s age. Survival rates have changed little over time.”- Source: U.S. Bureau of Labor Statistics, BED
For those disheartened by such risky undertakings, buying an existing business is often a simpler and safer alternative. Less stress and strain: An existing business acquisition does not mean stress free, but it will be significantly less than if you were always wondering and worrying if customers would really come and, if and when, the monetary investment would pay off on a start-from-scratch business venture.