So should you buy your business or build it from scratch?

The main advantage is that starting a business from scratch gives you the flexibility to create a business model without having to answer to anyone.

On the other hand, most new businesses fail, meaning that the risk in starting a new business is high. Buying an existing business provides some stability. There is also a lot of pressure involved with starting a new business due to having to deal with so many unknowned factors. New businesses can also cost more than existing businesses because of the need to spend money on advertising and other ways to notify people of your new business.