What advantages can an entrepreneur who buys a business gain over one who starts a business “from scratch”? 

Write 2 page answer the below questions
1. Suppose that you and a friend have recently graduated from college when you discover the ideal business for sale by the founder, who is ready to retire. The asking price is $550,000, but you and your friend have only $15,000. Put together a brief plan for assembling the remaining balance needed to purchase this business.

2. What advantages can an entrepreneur who buys a business gain over one who starts a business “from scratch”?

3. Find a business for sale and describe it. Make sure you include how much it cost and cite your source of information.

4. How Did David Friedberg of the Climate Corporation begin his business? What was the opportunity he spotted? Is this similar or dissimilar to what Mr. Lee experienced

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