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Tue, Jan 23 2007 |
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The most logical way to own a business is by starting up one. HOwever, there are 2 other ways that you can own a business which is increasingly popular:
a.) buying an existing one.
b.) get a franchise.
Both of these alternatives are increasingly viable. This powerpoints shows the advantages and disadvantages on buying one, including various things you need to weigh, including choosing a business, knowing how to value one.
Franchising is also getting quite popular. Is getting a franchise an entrepreneurial thing? Being an entrepreneur means you get to be the boss, but franchising, while it traditionally has lower failure rate, and is an easy way to ease business succeeds by making sure the franchisor gains control over the franchisee in all aspects of business.
These concerns, including aspects in how to weigh and consider a franchise opportunity and how to select one are discussed in this presentation.