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

Know Your Own Business First
Whether you’re embarking on a buy or a build strategy, you want to make sure that your existing business is on solid ground. In particular, you want to have real outstanding and stable management team already assembled and one with enough depth that it can focus its attention on an acquisition or a build-out without harming the business you already have.
You also have to determine if you even have the account management team to support the growth. The success of your current business is based on your ability to offer your existing clients top-notch service. Any growth strategy could put that at risk, and render any possible benefits moot.
Then there’s the matter of your financial infrastructure. How strong are your financial controls? How well do you measure your cash? If you’re getting ready to grow, there’s going to be a lot of stress on your working capital and your ability to measure your financial health.
Those three things – the strength of your team, infrastructure to support new customers, and solid financial controls and metrics – are essential to any building strategy, as well as an acquisition strategy. But if you’re seriously looking at pursuing acquisitions, there is another critical element and that is experience at deal-making.
In an ideal world, your whole top management team would have some expertise in closing and integrating an acquisition, but that’s seldom the case. Hopefully someone in your top ranks has solid experience in the area. But failing that, you’re going to have to bring in a corporate development person or top notch advisors, which can be a considerable cost depending on how long the integration takes.
Such advisors carry their own risks if their goals aren’t aligned with yours. One way to match up objectives is to offer a success fee, where the advisor is paid for results achieved over the first few years and not just for closing a deal though if acquisitions aren’t already a core capability of yours, expect the advisory fees to mount.

 

It depend on person to person's need and interust.