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  • starting a business from scratch can be challenging. franchising or buying an existing business can simplify the initial planning process. business plans aren' t just for startups. developing a business plan for an established business serves several purposes: it can help convince investors or lenders to finance your business, persuade a business buyer to purchase your business, or entice partners or key employees to join your company.
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    Eva Pinlo

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  • there are some benefits to buying an existing business if you’ re not as interested in starting from scratch.
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    Elea Rightihg

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    for one thing, when you purchase an existing company, someone else has probably already done a lot of the startup legwork, like verifying that there’ s a market for your product or service, establishing a customer base, hiring employees, and negotiating a lease. plan for a new business or an existing one?

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  • as you plan for the business you purchase, you start by making an important choice: business plans can be either for startup new businesses or for already- existing and ongoing business. when you buy a business from somebody else, either option is acceptable.
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