"It's better to take over and build upon an existing business than to start a new one"
- Harold S. Geneen
About this Quote
This quote by Harold S. Geneen recommends that it is more advantageous to acquire an existing business than to start a brand-new one. This is due to the fact that an existing business currently has a customer base, a tested organization model, and a performance history of success. By taking control of an existing service, the new owner can build on the existing infrastructure and profit from the existing consumer base. This can help to minimize the risk associated with starting a new service, as the new owner can concentrate on improving the existing company rather than going back to square one. In addition, the new owner can gain from the existing relationships and resources of business, which can help to lower the time and cost connected with releasing a brand-new business. Overall, this quote suggests that it is more helpful to take over and build on an existing organization than to start a brand-new one.
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