Explain in detail the advantages an entrepreneur who buys a business gains over one who starts a business from scratch? How would you go about determining the value of the assets of a business if you were unfamiliar with them? Why do so many entrepreneurs run into trouble when they buy an existing business? Outline and discuss the steps involved in the right way to buy a business. Support your post with evidence from the class text, material from an outside source or personal experience. Your response should be a few paragraphs.

Needs to be 250 words minimum