{"id":559268,"date":"2021-11-30T08:09:15","date_gmt":"2021-11-30T13:09:15","guid":{"rendered":"https:\/\/vrgatewaystl.com\/?page_id=559268"},"modified":"2022-03-13T13:34:13","modified_gmt":"2022-03-13T17:34:13","slug":"buying-vs-starting","status":"publish","type":"page","link":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/buying-vs-starting\/","title":{"rendered":"Buying vs. Starting"},"content":{"rendered":"
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Advantages of Buying vs. Starting a Business<\/h2>\n[\/vc_column_text][vc_column_text]If you are motivated by personal accomplishment, stimulated by challenge, and want to be your own boss, then business ownership is for you.[\/vc_column_text][vc_column_text]However, let someone else take the risk and high cost of starting from scratch.[\/vc_column_text][vc_column_text]Buying an established business provides you with two of the three necessary components of success, a proven location (or customer base) and the right product.[\/vc_column_text][vc_column_text]You provide the third ingredient, management.[\/vc_column_text][\/vc_column_inner][vc_column_inner width=”1\/2″][vc_single_image image=”561551″ img_size=”full”][\/vc_column_inner][\/vc_row_inner][vc_empty_space height=”16px”][vc_row_inner css=”.vc_custom_1645527791142{padding-top: 32px !important;padding-right: 32px !important;padding-bottom: 32px !important;padding-left: 23px !important;background-color: #002f6c !important;}”][vc_column_inner][vc_column_text]\n

Fact: 80% of new businesses fail in the first 3 years!
\nFact: Most established businesses continue to be successful!<\/h3>\n[\/vc_column_text][\/vc_column_inner][\/vc_row_inner][vc_empty_space][vc_column_text]\n

The following are some of the likely advantages of buying an established business versus starting a new one:<\/h4>\n[\/vc_column_text][vc_column_text]
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  • <\/i> The market cannot support another competitor.<\/li>\n
  • <\/i> Can get your new business up and running quickly.<\/li>\n
  • <\/i> A successful business may stay successful while you get up to speed.<\/li>\n
  • <\/i> Your new business may already have the equipment and assets you want.<\/li>\n
  • <\/i> Set-up and installation costs are cheaper or non-existent.<\/li>\n
  • <\/i> The old clientele may well be your new clientele.<\/li>\n
  • <\/i> Get the “best” location or acquire a favorable lease.<\/li>\n
  • <\/i> Expenses and revenues are known.<\/li>\n
  • <\/i> Easier to get licenses and permits.<\/li>\n
  • <\/i> Easier to get loans and other financing.<\/li>\n
  • <\/i> Intangibles: Goodwill\/Brand Name.<\/li>\n
  • <\/i> Supplier relationships are established.<\/li>\n
  • <\/i> Trade credit may be established.<\/li>\n
  • <\/i> Inventory is in place.<\/li>\n
  • <\/i> Get key employees on your team.<\/li>\n
  • <\/i> Get trained experienced employees and staff.<\/li>\n
  • <\/i> Prevent competitor from entering area.<\/li>\n
  • <\/i> Little competitive backlash or reaction.<\/li>\n
  • <\/i> May be able to use the experience and advice of the previous owner.<\/li>\n<\/ul>\n<\/div>[\/vc_column_text][vc_empty_space height=”16px”][vc_row_inner equal_height=”yes”][vc_column_inner width=”1\/2″ css=”.vc_custom_1647192850077{background-image: url(https:\/\/vrbbd.wpengine.com\/vrbbgreenbay\/wp-content\/uploads\/sites\/21\/2022\/03\/vrbb-buying-vs-starting-c01-min.jpeg?id=561593) !important;background-position: center !important;background-repeat: no-repeat !important;background-size: cover !important;}”][\/vc_column_inner][vc_column_inner width=”1\/2″ css=”.vc_custom_1638515703553{padding-top: 32px !important;padding-right: 32px !important;padding-bottom: 32px !important;padding-left: 32px !important;background-color: #002f6c !important;}”][vc_column_text]\n

    Do you want to learn more?<\/h2>\n[\/vc_column_text][vc_column_text]\n

    Schedule a free consultation and we will help you understand our process.<\/p>\n[\/vc_column_text][vc_empty_space height=”16px”][vc_btn title=”Set a Free Consultation” style=”outline-custom” outline_custom_color=”#ffffff” outline_custom_hover_background=”#ffffff” outline_custom_hover_text=”#002f6c” align=”left” i_icon_fontawesome=”fas fa-chevron-right” add_icon=”true” link=”url:%2Fvrbbgreenbay%2Fset-a-free-consultation%2F|title:Set%20a%20Free%20Consultation”][\/vc_column_inner][\/vc_row_inner][\/vc_column][vc_column width=”1\/4″ offset=”vc_hidden-sm vc_hidden-xs” css=”.vc_custom_1638481078740{margin-left: 16px !important;}”][vc_widget_sidebar sidebar_id=”ct-dynamic-sidebar-9d00c1bd394cb3e50a182ef312cad734″][\/vc_column][\/vc_row][vc_row el_id=”stopFixedWidget”][vc_column][\/vc_column][\/vc_row]\n<\/div>","protected":false},"excerpt":{"rendered":"

    [vc_row][vc_column width=”3\/4″ offset=”vc_hidden-sm vc_hidden-xs”][vc_row_inner][vc_column_inner width=”1\/2″][vc_column_text] Advantages of Buying vs. Starting a Business [\/vc_column_text][vc_column_text]If you are motivated by personal accomplishment, stimulated by challenge, and want to be your own boss, then business ownership is for you.[\/vc_column_text][vc_column_text]However, let someone else take the risk and high cost of starting from scratch.[\/vc_column_text][vc_column_text]Buying an established business provides you with two […]<\/p>\n","protected":false},"author":2,"featured_media":559341,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"class_list":["post-559268","page","type-page","status-publish","has-post-thumbnail","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":6}},"_links":{"self":[{"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/pages\/559268","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/comments?post=559268"}],"version-history":[{"count":0,"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/pages\/559268\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/media\/559341"}],"wp:attachment":[{"href":"https:\/\/www.vrbusinessbrokers.com\/vrbbgreenbay\/wp-json\/wp\/v2\/media?parent=559268"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}