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Small Business Solutions
Starting a New Business
Advantages and Disadvantages
Launch a business venture that fits your interests and where the foundation for success is already laid out for you. There are hundreds of franchises that offer brand recognition, proven marketing strategies, established operational framework, flexible time commitments, training and management guidance to support your success.
Advantages
- Lower start-up costs - Depending on the type of business you start, costs may be lower than a franchise where there is no up-front purchasing fee or supply costs
- Independence - You make all decisions and create all business systems
- Site selection - You choose where to locate your business and what marketing procedures to follow
- No baggage - There is no history to overcome when you start a new venture
Disadvantages
- High commitment - Starting your own business requires a higher commitment of time and energy
- High risk - Success depends totally on you and your business talents
- Delayed profitability - Where the market may not already be established, it may take longer to become profitable
- Limited financing - Financing for a new business is more difficult to obtain
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About Your Educational Champion
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"Since 1995, BISON has been recognized as a leading online franchise resource. Featuring the nation's fastest-growing franchises and business opportunities, BISON has always worked hard to match qualified entrepreneurs with successful businesses."
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Note: This information has been compiled by the Knowledge Institute, Inc. for educational purposes only in order to convey a general overview of the options and related services available to small businesses in the subject areas introduced. Content is provided on an "as is" basis and is not intended to be an exhaustive representation, nor does it provide advice or create a customer relationship between the Knowledge Institute, buzgate.org, its affiliates and any other organization named herein, and any reader.
Buzgate.org is an award-winning public service initiative created to facilitate awareness, access and use of America's government and nonprofit small business assistance programs on a national scale.
www.BUZGate.org | A public service from Knowledge Institute11 Court Street, Suite 230 | Exeter, NH 03833 USA
(603) 658-0340 | Fax: (603) 658-0343 | Copyright © 2008 | Contact Us | About Us
Privacy | Add Content | Webmaster