Buying someone's business
Buying a business can give budding entrepreneurs a head-start, but the risks are as big as the rewards, writes Elaine O'Regan.
For those lucky enough to have the cash to invest, acquiring an established venture can be a valuable route to future revenues.
"It puts you well ahead of the game, since the start-up phase is the most common time for a business to fail," said Cormac Mohan, head of the Business Advisory and Corporate Recovery Team at FM Auditors, Tax & Business Advisers.
By buying a business, Mohan said, entrepreneurs could avoid some ...