Jabu and his friend Sipho are visionaries. They have spotted an existing business that sells sneakers around universities and TVET colleges. The current owner intends to sell the business and retire. They are considering buying the business and revamping

When considering the purchase of an existing business, aspiring entrepreneurs like Jabu and Sipho should take into account various critical factors that can affect the success of their venture. Out of the options provided, the relevant factors to consider are: 1. **a. the financial status of the business** - Understanding the current financial health is essential for determining the viability and potential profitability of the business. 2. **b. an assessment of competitors** - It is important to analyze the competitive landscape to identify strengths, weaknesses, and opportunities relevant to the business. 3. **c. the reason why the current owner wants to sell the business** - This can provide insights into potential challenges the business may be facing or factors that could impact its future success. 4. **e. the physical status of the business** - Evaluating the physical condition of the business (e.g., premises, equipment, inventory) is critical for understanding potential investment needs and liabilities. Option **d. the need to change prices for their business** is also a consideration post-acquisition but is not a determining factor in the initial evaluation of the existing business. Based on the analysis, the best option which includes the most relevant factors is: **d. a; b; c; e**. This option considers the financial status, assessment of competitors, reasons for the sale, and the physical condition of the business, all of which are crucial for making an informed purchasing decision.