Generally speaking, there are three ways to go into business for yourself, including starting a business from scratch, buying an existing business to run, or investing in a franchise opportunity. One of these three options has a much higher rate of success over time.
Startup
How to Keep Business Franchise Opportunities from Floundering
You shouldn’t assume franchises are fail-safe. They’re a wonderful way for professionals to build thriving small businesses, but there are some icebergs out there potential franchise owners need to avoid. Here are five:
5 Industries Set to Perform in All Economic Environments
Proven business models, forecasted revenue results and a myriad of financing options have become the attractive calling cards of a paradigm shift in thinking—one that rests squarely with self-reliance. We look to franchise concepts that perform well in any type of economy. Below is our All-Star list.
Why an FDD Should Be Your Guiding Beacon
With over 3,000 choices of franchise concepts in the marketplace today, your options for owning your own business are limitless. But not all franchises are created equally. So, how will you be able to gain the necessary piece of mind that the opportunity you intend to pursue is legitimate?
5 Questions to Ask Before You Buy a Franchise Business
When entrepreneurs begin talking with franchise systems, they tend to ask pretty standard questions. But the higher you go in the building, the more pointed and detailed the questions get, and they’re critical for a franchisee candidate to ask before signing the franchise agreement.
Avoid Rookie Mistakes
Far too often, new entrepreneurs make first year decisions that can put a major dent in the inaugural year of your new entrepreneurial venture. Even someone who has a lot of corporate experience cannot understand the firefight of being a business owner until you have to meet your first payroll.
7 (and a Half) Tips to Run a Successful Crowdfunding Campaign
Contrary to popular belief—and the old saying that too many cooks spoil the broth—crowdfunding cooperation is precisely what drives success, and it does this via 7.5 simple steps:
5 Steps for Calculating Your Startup Costs
You can’t create a realistic business plan without knowing how much it will cost to get your business up and running. If you don’t have an idea of your startup costs, you won’t know how long you’ll have to bootstrap, how much funding you’ll need, how quickly to scale. In other words, without calculating your startup costs, you don’t really know where you’re going—or how you’re going to get there. And your company could fail before you even hit the break-even point.
The 5 Best Ways to Crowdsource for Your Startup
Follow these tips and get set to rock your startup using crowdsourcing! Now you can easily approach your friends on social media networks and direct people to invest in your business and see it grow up day by day. But you can use crowdsourcing in lots of different ways.
I Screwed Up: How Three Famed Entrepreneurs Learned From Failure
Fran Tarkenton, the football-pro-turned-businessman, tasted failure straight out of the entrepreneurship gate. “When I was 27, a lawyer friend told me he could help me start a business, and he could run it, and I should use my money,” Tarkenton says.
