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A possible drawback when buying an existing business is that
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Asked 10/8/2012 1:49:51 PM
Updated 3/21/2016 9:50:25 PM
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Flagged by jeifunk [3/21/2016 9:50:25 PM]
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User: A possible drawback when buying an existing business is that

Weegy: One major disadvantage of buying a business can be the ?inheritance factor?. In other words, the buyer has to cope with the problems and attitudes a previous owner has left behind. [ If an entrepreneur is familiar with the industry, and knows how to resolve such matters promptly, this needn?t be a particularly difficult hurdle to overcome. Unfortunately, though, a previous owner?s poor legacy often comes to light only when the business transfers to different hands. ]
piash|Points 3143|

Question
Asked 10/8/2012 1:49:51 PM
Updated 3/21/2016 9:50:25 PM
1 Answer/Comment
This conversation has been flagged as incorrect.
Flagged by jeifunk [3/21/2016 9:50:25 PM]
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A possible drawback when buying an existing business is that You may inherit the mistakes made by the previous owner.
Added 3/21/2016 9:50:24 PM
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Which of the following strategies are recommended for small business owners to succeed over the long term? Answer develop a business plan and gain experience make a friend at the bank and develop a business plan a) develop a business plan, gain experience b) educate yourself, and learn from others c) borrow money and develop a plan
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Updated 3/11/2015 7:56:41 PM
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Develop a business plan, gain experience, educate yourself, and learn from others are recommended for small business owners to succeed over the long term.

Added 3/11/2015 7:56:41 PM
This answer has been confirmed as correct and helpful.
Confirmed by Andrew. [3/12/2015 12:17:47 AM]
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