Why buy a business instead of starting one?

It typically takes more money than time to buy a business and more time than money to start one. The break-even point for buying versus starting a business is the start up costs of buying equipment, renting space, hiring and paying the staff, advertising, establishing contractual relationships, vendor relationships and building up a customer base. If you buy an established business, you have an income from the day you take over. You already know what can be accomplished by the business. If you start a business, you face a lot of risks and uncertainty over the success and desirability of your product or service. Buying an established business takes a lot of the risk out of your decision.