00:03
All right, this question says, for a new owner of an existing business, physical facilities and equipment costs are very similar to what would have been spent on a startup with all new facilities and equipment.
00:13
So again, the key difference here, we have a new owner, but we have an owner in this first part taking over an existing business versus one that is doing a startup where they're gonna need all new facilities and equipment.
00:26
So because of that, this statement is definitely going to be false.
00:32
And the reason being, if you are just simply taking over a facility in a business, yes, there's gonna be some costs involved, but you have probably most of what you're gonna need to actually be up and running quickly.
00:49
Whereas if you're starting from scratch with nothing, having to get all new facilities and equipment, there are a lot of initial expenses that are going to be a part of that...