Statistics show that start-ups have a 90% failure rate.
10% fail in the first year and 70% fail between year 2 and 5.
Some of the reasons for this include:
- No market demand
- First time founder
- Not the right team
- Run out of money…
…and so on. You get the idea!
A safer alternative is to buy an existing business.
With the Baby-Boomer generation retiring at record numbers, the opportunity for acquisitions is endless.
Here a few good reasons to consider buying vs to build a business from scratch:
- Less Risk
- Better Financing Options
- Brand Recognition
- Instant Customers
- Instant Sales
- Instant Profits
- Instant Contacts
- Instant Systems
- Instant Employees
If the idea of buying a business appeals to you, let me know in the comments and I will be happy share what I know about acquisitions with little or no money out of pocket.
Shout out to #RolandFrasier #Vision2020 #contentstrategy
