Business Start Up Options You Should Consider

Sara
Entrepreneurship is an appealing endeavor. It is a shift away from the downside of employment and presents an excellent opportunity to earn more, thereby improving your quality of life. However, starting a business is not an activity that can be taken lightly as it demands self-discipline, dedication and a desire to succeed. Business start up options The Franchise Option There are several business options that you can consider. One approach can be purchasing a franchise. Franchises are significantly becoming one of the most common types of start-ups that people decide to establish.

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Disadvantages of a Franchise Business

Sara
In our previous post we looked at the advantages of buying a franchise business. However, while there are so many advantages of owning a franchise, the darker side of buying a franchise business can not be ignored. Here are some of the disadvantages of buying a franchise: 1. Massive investment: Buying a franchise mean an enormous amount of investment regarding franchise fee, infrastructure, planning, and operations. However, in the case of independent business, a franchise can plan his business as per his budget.

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Advantages of a Franchise Business

Sara
Franchising has evolved over the years with its growing popularity. People prefer buying a franchise as compared to starting an independent business because of its numerous benefits to the franchisee. Owning a franchise gives an aspiring entrepreneur an opportunity to get associated with a renowned and fruitful business. However, being associated with a successful brand means sharing entire responsibility for the brand value. After owning a franchise, it becomes franchisee's responsibility to enhance, protect and promote the brand.

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Bankruptcy is Not All Bad

Sara
For most people, the idea of bankruptcy is a daunting one. Many people assume that the bankruptcy process comes with only negative connotations and consequences. In fact, the opposite is true. In many situations, people are finding that filing for bankruptcy can be more beneficial than they ever thought possible. Protection When you file for bankruptcy, the first thing that is granted by the court is an automatic stay order. This order grants you immediate protection from creditors and debt collection efforts.

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What keeps small business owners up at night?

Sara
If you own a small business you will know it is not easy. Without any question, there are things that will keep you up at night. It comes with the territory. SmartCompany recently published an article titled ‘We asked SMEs what keeps them up at night: Here’s the most common response.' You can read the full article here: Excerpts from the article: “While almost a fifth are regularly thinking about cashflow and how to keep it steady, one quarter of the fifty companies on this year’s spend their nights worrying about people associated with their business.

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10 Keys to Business Success – Part 2

Sara
This article continues our series on the keys to business success. In part 1 we considered the first 5 keys. Now we consider the next 5. Once you have read this article, click here to read more business success advice from forbes.com. 6. Make decisions promptly Successful entrepreneurs and managers are action orientated. Whenever a business opportunity comes along they utilize it promptly making even more revenue as well as expanding their company. One of the significant elements that can undermine your business is neglecting to do something about it or maybe taking too long to act.

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10 Keys to Business Success – Part 1

Sara
Because business success isn't as easy and simple as a lot of people think it is, we have provided several noteworthy suggestions to consider before taking this huge step. On top of these suggestions the business owner needs to be aware that owning & operating a business requires a lot of hard work, sacrifice, and also a long period of time. Also the business owner is expected to be smart, ingenious and open minded to new ideas.

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Marketing Ideas for a Small Business – Part 1

Sara
The biggest challenge entrepreneurs and business owners encounter is marketing a small business effectively. There are thousands of marketing techniques to choose from and finding the ideal approach for your small business can seem like a daunting task. It even gets more challenging with the limited budget small businesses have to work with. Below are some strategies that can help bring your business to its peak. Look at blogging in a different perspective Blogging is a powerful tool for marketing your business.

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