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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.