Identify and describe the pros and cons of buying an established business
Buying an Established Business
Key Pros Key Cons
·The concept, organizational structure, and
operating practices are already in place.
·Working with someone else's idea can
be a lot less fun for some entrepreneurs.
· Relationships with customers and suppliers
and other stakeholders are established.
· You may inherit old mistakes that can
range from poor employee relations to
pending lawsuits.
· Getting financing and credit is less
challenging.
You might also like to view...
The last task in international financial management is to manage the diversity of international accounting and tax practices
Indicate whether the statement is true or false
Return on equity can increase as a result of an increase in which of the following ratios?
A) Net income/ sales B) Sales/ total assets C) Total assets/ equity D) All of the above will have a positive influence on the ROE.