Should you Buy or Start a Business

Once you catch the run-my-own-business bug, you may start to wonder if you should start or buy a business. While either option is a worthwhile approach, there are some advantages (and disadvantages) that are may be overlooked during your decision making process. I've tried to summarize some of these items in this chart.

This chart assumes that you do 'everything right' buying or starting a business. A bad buying decision could be worse in all areas, as could a bad startup plan. Either approach is a good approach so make sure, that in addition to the pros and cons, you make the choice that works for you.


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