What are the Pros and Cons of Starting vs. Buying a Business?

> Back to Key Questions

Perhaps you’ve dreamed of owning your own business, and the freedom and control over your own destiny it brings, but you’ve been put off by the widely known drawbacks of starting a business:

• The vast majority of startup business fail within 2 years, according to the Small Business Administration
• It takes two years on average for a startup to become profitable
• It is difficult to identify a “breakthrough” product or service.

But there are easier and less risky paths to business ownership than starting a business: buying an existing business or purchasing a new franchise.

The advantages of these alternatives vs. starting a new business are summarized in the table below.

To check out our existing businesses for sale, click here.

To learn about our new franchise offerings - the most comprehensive by far in the state of Hawaii with more than 300 franchisors and growing - click here.

  Top of Page