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According to some business experts, it's the safest and most effective way to go into business for yourself.But why should you consider buying a business as opposed to starting your own company, or even buying a franchise? guides you through the critical steps to starting a business, then supports you in surviving the first three years as a business owner.In this edited excerpt, the authors discuss the process you should go through when purchasing an existing business.You want to start your own business and be your own boss. Do you already have a business idea that you’re passionate about?Perhaps you have a plan for doing something in a way it’s never been done before, “disrupting” an industry or bringing a new invention to market.And if you enjoy building things from the ground up, you probably won’t want to deal with someone else’s existing business.Starting from scratch is also a good option if you’re on a limited budget.

And, you have the opportunity to be a master of your own financial destiny.

When you buy a business, you take over an operation that’s already generating cash flow and profits.

You have an established customer base and reputation as well as employees who are familiar with all aspects of the business.

Maybe you don’t like being told what to do, and want to handle every aspect of your new business way.

If so, starting your business from scratch is likely the best way to go.