I don’t have much cash, is it still possible to start up a business? There are ways to start a business with virtually no cash ! Cash is not the biggest obstacle to overcome. We cover this fully, in detail, in our course ‘Start up Ready in 60 Days’.
Is it easier to just buy an existing business, or start my own?
If you are considering buying an existing business, and this is your first time in business – then the help of business-related professionals such as accountants and lawyers, is extremely valuable. The cost of hiring an experienced accountant may seem high, but will greatly reduce exposing yourself to easily identifiable risks. Any accountant in public practice should be helpful, but pick one who is (1) experienced in your industry, and (2) has some knowledge of business valuing methods including Discounted Cash Flow (DCF).