Which of the following is a challenge that could come with buying an existing business?

The customers may resist change.

The business may have a bad reputation.

Experienced staff might leave.

all of the above

All of the above

Explanation:

Not everyone likes change, and that can certainly be said about business as well.

1) When a business changes hands, customers are not always open to the new management. They are used to the old management, and probably feel like they can't trust the new administration.

2) If the business had a bad reputation before hand, it's going to be hard to increase your customer base. Eventually, when people hear that the business is under new management, they may be more likely to revisit. However, one bad experience, can ruin it all.

3) Experienced staff may have stayed on board because of the previous management. After having spent years with this single company, they may not be open to new management, and will leave. Without the experienced staff, who know the ins and outs of the business, you'll need to hire new, un-experienced staff.

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