Becoming a business owner is commonly associated with starting a business. However, another path to entrepreneurship is through acquisition, or purchasing an existing business.
While starting a business gives you a blank slate to create exactly what you want, making it operational and profitable can be a difficult process. The riskiest part of starting any new business is figuring out whether a business model will actually work. On the other hand, there are many benefits to buying an existing business with a proven track record.