***Seven Reasons Why Buying a Business Is Better than Starting One

I understand that this is the “Spring Cleaning” issue of Inside Trump Tower - all about making a new start.nnAnd what better way is there to make a fresh start than to buy a business? Here’s my advice to you. Think about these seven reasons why buying a business is better than starting a new one.nnI know that they will provide all the incentive you need to take a great new start toward achieving success:nnReason One: If you buy a business, you will have immediate cash flow. If you start a business of your own, it’s anyone’s guess when the money will start coming in.nnReason Two: If you buy a business, you will have historical financial data you need to evaluate the business you are considering. If you start a business of your own, there is absolutely no history available to evaluate the business.nnReason Three: If you buy a business, you will have trained employees already in place. If you start a business of your own, you’ll be doing all the work initially - and then you’ll be faced with trying to recruit competent people.nnReason Four: Ifyou buy a business, you will have existing customers who are familiar with the company. If you start a business of your own, you are starting from ground zero with you selling and marketing.nnReason Five: If you buy a business, you will have proven policies, procedures established to operate the company the day you take over. If you start a business of your own, everything is new! You can only implement company policies as a reaction to problems you encounter.nnReason Six: If you buy a business, yhe company’s past gives you a good picture and a high level of comfort about the future. If you start a business of your own, who knows? No matter how detailed or fancy your business plan may be, there’s no guarantee that anything will evolved predicted.nnReason Seven: If you buy a business, You know from the beginning what your monthly expenses will be and what the revenues should look like, based on prior history. If you start a business of your own, revenues generally come in half as fast as you expect - and expenses are usually much higher than anticipated.nnIf you start learning the art of buying a business now, you can be ready to make your move by late summer. Isn’t it time to get out of the passenger’s seat take the wheel?nnn

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nTrump University Professor Richard Parker developed Trump University's self-paced multimedia home-study course, The Art of Buying a Business. Professor Parker bought his first business when he was 12 and sold it for a profit when he was 13. He has now bought more than 10 businesses and is a national authority on the subject.