Welcome to the Small Business Center
Your Partner for Business Success^©

Below are the pros and cons to starting your own business 
versus buying an existing business or a franchise.

Pros of Starting a Business

1. Lower up front capital to start your business.
2. Ability to create the business your way.
3. Ability to manage the business your way.
4. Higher initial profits since money is not needed to repay purchasing an existing business, up front franchise fees or on-going franchise royalties.
5. Ability to react quickly to marketplace change. No bureaucracy to prevent or slow down change.

Cons of Starting a Business

1. Higher failure rate (Can increase success rate with a business plan and objective business assistance)
2. Longer start-up time versus buying an existing business or a franchise
3. Can be harder and more expensive to build a customer base versus buying an existing business or a franchise
4. Harder to get traditional financing
5. Harder to start a business from scratch. You have to create everything.
6. Lack of experience for those that have not owned a business or worked in the industry.
7. Smaller support system to overcome business challenges or set backs.

One of the biggest mistakes you can make is to hurry into business.
So it is important to review the pros and cons of each business start-up option,
and make sure that the business you are exploring fits your needs, experience, and financial capacity.

SBC can assist in the process
of starting a successful business.

Call today (828) 694-1779