A new owner of an existing business can generally introduce change and innovation almost as easily as if the company was a new business start-up.

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An existing business may have established practices, systems, and cultures that can make introducing change and innovation more challenging than starting a new business from scratch. The new owner may face resistance or obstacles from employees, suppliers, or customers who are accustomed to the way things have been done in the past. However, with careful planning, effective communication, and a willingness to listen and adapt, change and innovation can still be successfully implemented in an existing business.

A New Owner of an Existing Business Can Generally Introduce