So, you plan to leave the corporate world and start your own business? What are your options? Well, depending on the amount of money you have to spend and the type of person you are there are three main choices.
How suited are you to running a small business?
This article is one of a series about the wide and varied things that need to be thought through when starting up a new business. There are a huge number of things to think about but we’re going to focus in on one of the most important here today.
For someone starting up a new small business it can be a real roller-coaster of excitement and worry and the aim of this article is to try and help the individual prepare themselves for all that is to come so that they don’t make some of the same mistakes that others (including me!) made when starting out. Ok, so what do we need to think about?
The alternatives to starting a small business from scratch
Ok, so you’re planning on leaving the world of working for someone else and you’re going to set up on your own. The next question is what are you going to do and how?
There are two main alternatives to starting a business from scratch and here they are.
Want to start a small business? Thought about a franchise business?
Buying a franchise is something that is often forgotten when people are thinking about starting a small business. It seems like, in the mind of some people, it’s ‘cheating’ because you get help from the franchisor, or they fear that it’s not really their business because someone else came up with the idea or the product. But think about it this way: