To minimize the time you need to spend on your small business, you need to find the right partners and business advisers. Here is a video on how to find the right business advisers. I cannot emphasize this strongly enough. Having the right advisers will save you a ton of work and a ton of money. This video talks about how to find the right advisers and why friends and family may not fall into that category.
Many prospective business owners consider the option of purchasing a well-established company because the decision to start a business and quit your job is very difficult. Buying an established business is easier and more secure, and significantly decreases the risks, challenges and potential problems when starting a business. There are so many more risks when you acquire or start a new business.