At some stage in thinking about your business ideas, it probably flickers across your mind that it would be simpler if you could buy a ready-made business. Your reasoning might be that this would get you off to a flying start and cut down the period needed to establish a business from scratch.

But would it? The truth is that there is no easy way to having your own business. Either you must accept that there is a hard slog ahead of you, building up your own business, or, if you decide to buy an established business, you must expect to pay for someone else’s work in having built it up successfully. What is more, if you decide to buy, you might end up paying too much for a business that still needs you to work very long hours. ...

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