To Buy a Business, or to Start from Scratch?…

Picture this, you’ve just received that redundancy money you’ve been dreaming about, and you’re looking to start the next phase in your working life. The thought of going into business sounds very appealing and is probably where you want to go. But now you’re wondering whether to buy an established business or start a business from scratch…

It is a question that every person thinking of starting their own business should consider before committing their efforts to starting that brand new business from scratch. Before looking at the pros and cons of starting from scratch verses buying an existing business, Hurst Brokers have tabulated the statistics compiled by the Australian Bureau of Statistics on the total number of Australian businesses, including new entries and exits for the financial year 2007… read on

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