Buying an existing business has certain advantages over starting a new one. For example, says certified public accountant Amber Hill, buying an existing business allows you to get a good picture of how much you'll be able to make off the venture based on past sales. An important tip is to ask around to determine the business's reputation in the community. For more, watch the video.

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Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!
Share your small business tips with the community!