Start a Business? Buy A Business? Buy a Franchise?

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Making the decision to start your own business is probably one of the most difficult decisions you can make. But after deciding to start own business, you're left with a choice between starting a new business from scratch and buying a new or existing franchise. Building a business from the ground up can be a long and arduous task with a thin margin between success and failure. An established franchise can place you on the road to success in less time, with less effort and less uncertainty.

Establishing a franchise offers plenty of benefits over starting a business from scratch. For starters, you'll already have a support base for on-going training and assistance built in, thanks to the franchiser. You'll also have access to local, regional and national advertising. With the collective purchasing power of the franchiser behind you, your franchise will enjoy reduced costs and greater profits. Last but not least, your new franchise comes with proven sales methods and proven products that sell.

If you're looking to get started on the road to entrepreneurship from an already established point of view, buying an existing franchise may be your best bet. With an existing franchise, the basic infrastructure is already in place; you already have loyal customers, loyal employees, steady cash flow and an established location, plus the risks that come with starting a new franchise aren't an issue. There's no start-up period needed and you can begin making profits immediately, making it one of the quickest ways to get started.

With a new or existing franchise, you'll have easier access to financing and start-up assistance, plus you'll be able to make profits quickly and affordably. Take the time to see how starting a new franchise or buying an existing franchise can work for you. For just about any business you can think of, there's a franchise out there that suits your style.



The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of The NASDAQ OMX Group, Inc.



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