{"id":22237,"date":"2022-11-10T05:26:22","date_gmt":"2022-11-10T05:26:22","guid":{"rendered":"https:\/\/www.potential.com\/?p=22237"},"modified":"2025-04-23T11:28:06","modified_gmt":"2025-04-23T11:28:06","slug":"5-reasons-to-buy-a-business-rather-than-start-your-own","status":"publish","type":"post","link":"https:\/\/www.potential.com\/articles\/5-reasons-to-buy-a-business-rather-than-start-your-own\/","title":{"rendered":"5 Reasons to Buy a Business Rather Than Start Your Own"},"content":{"rendered":"

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Starting your own company comes with endless positives, as it allows you to follow your passions, achieve financial independence, and learn a bunch of skills. With that said, only 80% of startups survive after year one<\/a>, so there’s a chance you won\u2019t stick around for the benefits. If you are planning your business, it is important that you do it right. Here is a\u00a0selection of LLC services in Arkansas<\/a> that can help you with that.
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This makes the allure of buying an existing business that much harder to resist. When you buy a business, there\u2019s a lower chance of your investment falling through. You\u2019ll be able to use that business\u2019s existing staff, vendors, customers, and physical\/online space right from the start.
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Of course, buying a business is expensive if you don\u2019t have prior ownership experience. On the low end, a business costs $80,000<\/a>, but on the high end, you won\u2019t spend less than $1,000,000.
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But if you have the capital to spend, buying an established business is a smart move. While you won\u2019t be able to change your brand’s culture or positioning (at least not immediately), there are many advantages to purchasing a company. So many, in fact, that they outweigh the negatives.
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The Benefits of Buying a Business Over Building a Startup<\/h2>\n

Owning a business, even a financially secure one, comes with its own risks. But with the help of an attorney, accountant, and your own due diligence, you can reduce these risks significantly.
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1. Buying a Business Costs Less Than You Think<\/h3>\n

In the introduction, we established that it costs $80,000 to $1,000,000 to buy a business. That\u2019s a lot of money for anyone to spend. Fortunately, there are dozens of high-profit industries you can buy into for less than the average cost of building a startup<\/a>, which amounts to $185,000.
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Here are seven industries you may want to research due to their low costs:
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