This coursework for entrepreneurship module. I need to answer one of

This for entrepreneurship module. I need to answer one of the three following questions. I will write this questions in instructions area - Coursework Example sses has tremendously grown in popularity in the recent past, with a large section of entrepreneurs opting for this route in place of starting their premises from scratch. However, this process may not be the cheapest in numerous aspects, carrying with its fair share of risks as well. It is only through good planning, and business evaluation coupled with a due diligent research of this option that a bought business is capable of surviving the changes that come with the swapping of the ownership. This paper will evaluate the two advantages of buying an existing business as well provide the demerits that come with this process. By weighing between the two aspects, the paper will determine whether taking this route (instead of starting a business from scratch) is a viable entrepreneurial option or not. The paper will first look at the advantages before delving into the disadvantages. I will then provide my verdict on whether the process is a viable entrepreneurial option based on my findings. As earlier mentioned, starting a new business may be dreary and risky especially considering the statistics of failed start-ups available today. A buyer may thus benefit by buying an already established business which helps him/her to skip the first stage that carries the most risk. Buying a business means that the business has passed the test of time and that its model and operations are proven to succeed. Additionally, the buyer enjoys the assurance that comes with a near autonomy of the business operations with them having been honed by the owner during the start-up stage. The buyer of the existing business also does not have to hassle for employees and other vital resources in a business since these may be part of the inherited properties of the business. This saves the buyer important time, energy and finances through processes such as recruitments and hiring. The saved resources can then be invested elsewhere in the business for expansion purposes (Sutherland, 2008: