Problem
Topic: Your client is a young entrepreneur without a business. He or she is deliberating between purchasing an existing small business from a retiring owner (not a franchisee) or starting a brand-new business in the same industry. You have been asked to prepare a generalized report about the advantages and disadvantages of both options, and to make a recommendation based on those facto Feel free to include any details necessary (you are able to make up the details for the purposes of the report) regarding the industry and/or nature, size, etc. of the business(es) your client is considering.