Why buy a creative business
The main reason for buying a business rather than forming your own start up is to save time, reduce risk and to increase profitability faster.
It’s a well known statistic that 50% of small businesses fail in the first five years.
It’s also pretty well known that graduates in creative arts subjects earn less and have fewer opportunities in the UK than engineers or scientists.
But there are many thriving creative businesses in a broad variety of fields making good money.
By purchasing an existing business you can avoid the highest risk period, the business has customers, is making money and, hopefully, has the potential for you to take it further.
What to look for
The Acorn.finance FUNDED process