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27-Nov-2015 02:30

Many of us have felt the entrepreneurial pull of running our own business at one time or another.

The allure of being your own boss can be really strong, and no wonder.

But, it can also be very frightening for those of you just starting out!

We have all heard about the high mortality rates for new business ownership; 50% do not make it through the first three years and 70% will be gone after only five years.

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There is no question in my mind that the success rate for new business owners that buy an existing business is much higher than for those who start a newly formed business. An existing profitable business has already proven that it is successful.No suffering through a long start-up period where you struggle to attract customers to your business.

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