select two ways of becoming a business owner. compare the advantages and disadvantages and decide which of…

select two ways of becoming a business owner. compare the advantages and disadvantages and decide which of the two you would prefer.

select two ways of becoming a business owner. compare the advantages and disadvantages and decide which of the two you would prefer.

Answer

Brief Explanations:

Two common ways to become a business - owner are starting a new business from scratch and buying an existing business. Starting a new business allows for complete creative control and the potential to build a unique brand, but it also involves high risks, long - hours in the initial stages, and difficulties in establishing a customer base. Buying an existing business can offer an established customer base, existing processes, and potentially immediate cash - flow, but there may be hidden problems like poor reputation or outdated technology. A preference would depend on an individual's risk tolerance, entrepreneurial skills, and available resources.

Answer:

Starting a new business from scratch and buying an existing business.