Established Business Benefits

The dream of business ownership is still alive, especially in Colorado. As of 2015, there are about 600,000 small and medium businesses employing about 1 million people. Every day we hear about the beginning of a new start or a company that moves its headquarters to Colorado. The business is good! So in today’s discussion, I thought it was important to focus on the benefits of buying an established business rather than starting it.
Within the first four years after its establishment in Colorado, 52% of SMEs fail (as of 2016). However, this rate decreases dramatically by purchasing an existing business for the various factors described in the following.
Proven business concept. Buying an established business is less risky than starting your own business. This concept has been proven to function and has a track record of its success. This is useful when the time of business funding comes. Banks are willing to lend to buyers with proven concepts rather than to fund startups.
Fresh Olive Leaves
Established recognized brand. When buying an established business, it is already known to the community, behind it is a brand with a history and reputation. Selling an established business to the community is much easier than selling a new business.
Neem Leaves
Inside the staff. Employment of employees is important for every penny in the realm of time and money startups! An established business has employees already hired, trained and developed to run the business. This employee not only supports the transition to the role of ownership but also provides a more flexible schedule to focus on business strategy and family.
Fresh Papaya Leaves
Customer base. The established business has had time to develop relationships with customers and faithful supplements. In other words, companies can earn money from the point of purchase. Emerging business owners need to work harder to gain traction in the community and attract customers.
Growth and planning. As a new owner of an existing business, you can focus on scaling and strategic planning instead of working to run your startup business. This factor alone can reduce a large part of the risk and stress of emerging companies.
If you decide to buy a business, the steps to reach your corporate goal are near! For more information on how to purchase a business and how to purchase a franchise, please visit our website for more information.
–
This document was written by Alfi Arco Beach, Managing Director of Colorado’s Transworld Business Consultant. Transworld is Colorado’s premier business brokerage firm. Their team of business brokers sells the most extensive business listings, including more than 100 listings per year. Transworld Denver’s service area covers Colorado and focuses on the Denver Metro Boulder Golden Area. We specialize in helping prospective entrepreneurs in Colorado take over or sell their business, and support businesses held closely with their families in future strategic plans.