Hi , I have recently joined thi forum and i am posting my first essay here . Could you please read and rate it and suggest me improvement to make it better.Topic : You have enough money to purchase either a house or a business. Which
would you choose to buy? Give specific reasons to explain your choice.
If a person is having enough money then to invest it in business or buy a house from it
depends on his priority and needs.If someone is not having his own house and he has to settle down with family
then his priority will be to buy a home first.Or if anyone who is very ambitious and wants to earn money then
probably he will invest that money in business.If I would be there then i will choose an option to buy a home from it.
As in my opinion buying a home adds to our fixed asset which will be with us forever.
If we consider to establish a business then it involves many things. Firstly,we have to do
market ananlysis to decide which kind of business to initiate. It is always better to have some entrepreneur's
opinion on the current market demand and supply.While buying a house also involves searching of well established
and trustworthy builder who can provide us a good deal.
Any business venture at initial stage requires a lot of investment to establish its office , to
buy raw material,then to provide man power and machinery etc. While buying a house does not need anything other than money.
In business once get established it needs adverstising of its products , its branding.
Also , after doing all this ,there is a big risk factor remains.What if the product is not sold? Business will
go in loss and debt.Buying house does not involve that much risk as even if the price of the land or house is not increased over years
we can sell that property any time.
Thus all in all , in my opinion if someone who does not want to take any risk and be on safer investment ,
investing his money in property is always a better option than staring a business.