With a quarter of Australia’s business owners aged 55 and older and 50% of them looking to sell up, there are clearly opportunities for entrepreneurs with a bit of money behind them.
Buying a business instead of starting one has several advantages, such as an established customer base and economies of scale.
But there are downsides too. Today, business advisor Marc Peskett explores the pros and cons of buying your way into the entrepreneurial game.
If, instead, you decide to go it alone, there is a real danger you will become rather isolated. We have some tip tips on how to stay connected with other business owners.