Business Franchising Vs. Setting Your Own Business
Will you buy business franchise or set up your own business? Is it good to start my own business or buy a business franchise? I have $300,000 (three hundred thousand dollars) I am willing to invest this to operate a business. I believe minding my own business is better than working for someone else. Please guide me to my decision.First of all, thank you for dropping by at InvestmentTotal.com – your personal finance and business blog. It is advisable to review and know the pros and cons of each (business ownership or franchising). Learn the advantage of starting your own business and the advantage of franchising a business.
What is Business Franchising?
According to WikiPedia,
“Franchising is the practice of the right to use a firm’s business model and brand for a prescribed period of time.”
Advantage of Business Franchising
Some may say franchising will be better compare to starting your own business. Be careful on their advices, because not all business are worth franchising. When you franchise a business, be sure the business can give you a great return. A business should be proven, and most of all it has a great business “system”. I may choose to start my own business, make it grow and when I have huge business capital I will franchise a business worth millions that can earn millions. A simple passive income strategy!
Owning a Business is Better than Business Franchising
I dream to have a successful business. I know it’s not easy to decide when you start a business. But, the best thing is you will only know a business will be very profitable if you get into it. Rather than just by only thinking about it. Take action towards to your business success.
Let’s wait for the response of other entrepreneurs, I think they will be very happy to share their opinions. Please keep visiting this blog. Thank you for reading.
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