"I was recently laid off from a corporate job. I'd like to start my own business, but I'm not sure I'm ready to jump into the deep end of the pool. There are a couple of existing small businesses in town whose owners seem willing to sell. Is this a less risky way to get started in my own business?"

There's no doubt that buying an existing small business is less risky than starting one up from scratch. Why? Because, unlike a startup:

— the business has equipment a ...

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