ENTREPRENEURIAL PLANNING
BUSINESS PLAN DEVELOPMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Which of the following would be a disadvantage of buying an existing business?
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Time is needed to develop a customer base.
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It may be difficult to assess the value of goodwill.
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Existing employees can offer advice and assistance.
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The owner does not have complete control over the operations.
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Explanation:
Detailed explanation-1: -Financial Risks. Depending on the type of business you’re creating, you generally need to spend money to make money – and in the beginning, you may find you’re spending more. Stress & Health Issues. Time Commitment. Numerous Roles, Whether You Like It Or Not. 26-Nov-2021
Detailed explanation-2: -Financial Risks. A business requires an extensive amount of financial resources to launch and expand. Time Commitment. Dealing with Stress. Risk of Failure. High Competition. Possible Lack of Guidance. Lack of Business Processes and Operational Procedures. 08-Sept-2022
There is 1 question to complete.