Acquiring is superior than starting from scratch? Hey…
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Acquiring is superior than starting from scratch?
Hey there folks,
I have been doing a job for almost a decade while keeping in mind that I want to do business in my thirties. While doing the job, I saved aggressively while living on the bare minimum and learned as much as possible about business. I even took a few small bets, like selling on Amazon and freelancing for people on Fiverr..
Finally, I will be executing my main plan, which is establishing my own business using a part of my savings
In theory, I followed the textbook path and managed to have the discipline to improve my chances of becoming a businessman.
With brutal honesty, I'm not from a business family so it was all my first time. I know I'm standing at 0, but what I did was prevent myself from going into the negative
Now my question is do you think it's better for me to acquire a business or would you suggest establishing a business from scratch?
In my mind, the inner voice is saying to find a good and boring business that is old, proven nd running on good cash flow where the owner is going to retire and I can acquire it
The second option is to start my own business with my own idea and enjoy the entrepreneurial journey
Please help me with your advice. What do you think is the better take? Any valuable advice from you, I will truly appreciate!
Thank you very much :)
#business
source
Hey there folks,
I have been doing a job for almost a decade while keeping in mind that I want to do business in my thirties. While doing the job, I saved aggressively while living on the bare minimum and learned as much as possible about business. I even took a few small bets, like selling on Amazon and freelancing for people on Fiverr..
Finally, I will be executing my main plan, which is establishing my own business using a part of my savings
In theory, I followed the textbook path and managed to have the discipline to improve my chances of becoming a businessman.
With brutal honesty, I'm not from a business family so it was all my first time. I know I'm standing at 0, but what I did was prevent myself from going into the negative
Now my question is do you think it's better for me to acquire a business or would you suggest establishing a business from scratch?
In my mind, the inner voice is saying to find a good and boring business that is old, proven nd running on good cash flow where the owner is going to retire and I can acquire it
The second option is to start my own business with my own idea and enjoy the entrepreneurial journey
Please help me with your advice. What do you think is the better take? Any valuable advice from you, I will truly appreciate!
Thank you very much :)
#business
source
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