Forums: Discussions for entrepreneurs and small business.

I have never been personally interested in creating a start up business from scratch myself. I`ve usually geared myself toward being involved in buying established or involved in someone else`s start up project.

But it seems like most beginning entrepreneurs automatically think of doing a start up from scratch and not looking using an established business to dovetail their idea.

I`m wondering why that is? Is it just about the money that is needed to buy an existing business or are there other reasons why most entrepreneurs automatically think start up over existing business?

Thanks for your answers!



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1. Cheaper than a franchise.
2. Came with a small cash flow.
3. Didn`t come with all the franchise restrictions.

Now it is 7 years later, that business creates cash flow on its own and I am off to conquer bigger ventures.  Why do it from scratch when there are so many Betty Crockers?

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Ed
Business Optimization - www.businessoptimization.biz

Like what you have said, most entrepreneurs start off with little cash and buying a business may sound intimidating to them. There are definitely a lack of knowledge when it comes to buying a business as well.

Bootstrapping seems to be the trend these days as aspiring entrepreneur want to cut back the risk and cash placed into their new ventures. Of course, there are still entrepreneurs who prefer to buy businesses.



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http://www.SproutGeek.com - The #1 Blog for Small Business Owners, Startup Entrepreneurs and Marketers

I have just finished an interesting book called, "The Illusions of Entrepreneurship: The Costly Myths That Entrepreneurs, Investors, and Policy Makers Live By" 

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just like money can be made in real estate with no money down or very little out of pocket, likewise is possible in dmall business.....but that said, yes the "illusion" of needing money is always there.  those that are clear and are not victims of the illusion may need the "know how"..... 

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