Starting a Business

There are many Pros and Cons to starting your own Business and for the most part their are mostly Cons; but that should not let you stop you from your dreams and your desires. You see the only real Pro to owning your own business is that you become your own boss and you handle what you want to handle, but for the most part that isn't the case. You see when you start a traditional business there are overhead costs, budgets, advertising and marketing fees, poorly designed business plans, and many more; plus the fact that there is a very high failure rate of 75% according to The Small Business Administration.

A day as a business owner is hectic, stressful, and you maybe "the boss," but are you really? You become an employee for yourself as well because you are even more so responsible for your work and business than you were before as an employee for someone else. Now you may be asking, why should I own my own business then in the first place? "Right now, you are convincing me I shouldn't," you might say. Well let me tell you that a business is hard, but why not increase the odds in your favor.

Buying an already existing, reputable business increases your odds drastically! The failure rate for a franchise business is only 5% compared to 75% starting on your own. For the most part, you probably won't even have to raise your own capital and banks realize that finacially backing you is worth their time and money. Also, you have business and financial support for the most part from the main franchise company. Now, you may say, "I care more about my dreams and desires then the failure rates and such." Well I will tell you of course you should, but how about having your own dreams and desires, while saving you from the stress from running a traditional business.

You see home businesses are on the rise and more and more people are getting on the band wagon and looking into such a great opportunity. According to the IDC the average home based business is making about $63,000 a year. The PROs are even more so then any other business because you truly have family time, you have less stress, you have a smaller buy in, you simply need a computer, less overhead. and many more. The Cons are simply losing your capital and money because you did it without a mentor, guide. Well, many home business have people who usually sponsor and support you and will truly take you under their wing. So, you use them and learn from them their experience, so you really don't lose out. Look for a business with a successful business plan that provides not one stream of income but 2, 3,4. Look for a business which increases the profits from one person. So when you get that one sale, it would be worth 4 or 5 to someone else. One that already has a laid out plan just for you to get started from home. One that really doesn't take work, just dedication and passion to succeed. And if you truly follow it, you will, and I know it. One of the best franchises I am part of is Payitforward4profits.com

To Your Business and Success

Darryl Lardizabal