Comments on: Something Old or Something New - Investing In A Business http://www.smbceo.com/2008/10/31/something-old-or-something-new-investing-in-a-business/ Resources and Knowledge for the Small Business CEO Thu, 11 Mar 2010 12:33:32 +0000 http://wordpress.org/?v=2.6.5 By: smebus http://www.smbceo.com/2008/10/31/something-old-or-something-new-investing-in-a-business/#comment-6161 smebus Wed, 05 Nov 2008 18:30:08 +0000 http://www.smbceo.com/2008/10/31/something-old-or-something-new-investing-in-a-business/#comment-6161 This is a good question. On the one hand you have a ready made business that you can earn from straight away, on the other hand face possible hardship for a time, but build your business from scratch. Like Chuck says it is a bit like buying a used car or home for that matter, somewhere down the line it is possible that it will present a problem that you have not expected. This is a good question. On the one hand you have a ready made business that you can earn from straight away, on the other hand face possible hardship for a time, but build your business from scratch.
Like Chuck says it is a bit like buying a used car or home for that matter, somewhere down the line it is possible that it will present a problem that you have not expected.

]]> By: Don http://www.smbceo.com/2008/10/31/something-old-or-something-new-investing-in-a-business/#comment-6155 Don Tue, 04 Nov 2008 15:06:27 +0000 http://www.smbceo.com/2008/10/31/something-old-or-something-new-investing-in-a-business/#comment-6155 I can certainly see the appeal to buying a ready made business. However, I myself would miss the excitement that is involved with having my own vision and seeing that vision come to fruition in a business. I think just buying an already established business would take away a lot of that spark. I can certainly see the appeal to buying a ready made business. However, I myself would miss the excitement that is involved with having my own vision and seeing that vision come to fruition in a business. I think just buying an already established business would take away a lot of that spark.

]]> By: Chuck http://www.smbceo.com/2008/10/31/something-old-or-something-new-investing-in-a-business/#comment-6150 Chuck Sat, 01 Nov 2008 05:58:29 +0000 http://www.smbceo.com/2008/10/31/something-old-or-something-new-investing-in-a-business/#comment-6150 Make or buy? That's always a good question, and the answer is always the same. "It depends!" I think buying is easier than making, because the existing business has a track record. It's not to difficult to look for the weak spots in an existing operation. The pitfall might be that the existing business does not meet your longer term goals or intended use. The key then becomes: how much does it cost, and what do I get from that investment? All this sounds like buying a used car. But building a new car from scratch would probably present a few issues too. Make or buy? That’s always a good question, and the answer is always the same. “It depends!”

I think buying is easier than making, because the existing business has a track record. It’s not to difficult to look for the weak spots in an existing operation.

The pitfall might be that the existing business does not meet your longer term goals or intended use. The key then becomes: how much does it cost, and what do I get from that investment?

All this sounds like buying a used car. But building a new car from scratch would probably present a few issues too.

]]> By: Matt http://www.smbceo.com/2008/10/31/something-old-or-something-new-investing-in-a-business/#comment-6149 Matt Fri, 31 Oct 2008 20:34:40 +0000 http://www.smbceo.com/2008/10/31/something-old-or-something-new-investing-in-a-business/#comment-6149 There is no substitute for due diligence when buying a business. You almost need to do more research when buying someone else's biz than when starting up your own from scratch. Matt http://smallbizbee.com There is no substitute for due diligence when buying a business. You almost need to do more research when buying someone else’s biz than when starting up your own from scratch.

Matt
http://smallbizbee.com

]]> By: Crystal Williams http://www.smbceo.com/2008/10/31/something-old-or-something-new-investing-in-a-business/#comment-6148 Crystal Williams Fri, 31 Oct 2008 19:28:53 +0000 http://www.smbceo.com/2008/10/31/something-old-or-something-new-investing-in-a-business/#comment-6148 Hey Amanda! Thanks so much for the mention. Love your site! I'm going to add it my blogroll... ;-) Crystal Hey Amanda!

Thanks so much for the mention. Love your site! I’m going to add it my blogroll…

;-)

Crystal

]]> By: Allen Taylor http://www.smbceo.com/2008/10/31/something-old-or-something-new-investing-in-a-business/#comment-6145 Allen Taylor Fri, 31 Oct 2008 14:15:08 +0000 http://www.smbceo.com/2008/10/31/something-old-or-something-new-investing-in-a-business/#comment-6145 Nice writing. You are on my RSS reader now so I can read more from you down the road. Allen Taylor Nice writing. You are on my RSS reader now so I can read more from you down the road.

Allen Taylor

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