Question
What makes buying an existing business easier and faster than a startup?
No legal paperwork is needed
Customers automatically become more loyal
Infrastructure, systems, and relationships are already in place
The new owner does not need a business plan
1 points
No legal paperwork is needed
Customers automatically become more loyal
Infrastructure, systems, and relationships are already in place
The new owner does not need a business plan
1 points
Answers
GPT-4o mini
The statement that best explains why buying an existing business is easier and faster than starting a new one is:
**Infrastructure, systems, and relationships are already in place.**
When purchasing an existing business, the new owner benefits from established operations, customer relationships, and potentially a pre-existing market presence, which saves time and effort compared to building these from scratch in a startup.
**Infrastructure, systems, and relationships are already in place.**
When purchasing an existing business, the new owner benefits from established operations, customer relationships, and potentially a pre-existing market presence, which saves time and effort compared to building these from scratch in a startup.