Slcw
Pros and Cons : Startups and Franchises

simply dummy text of the printing and typesetting industry. Lorem Ipsum has been the industry's standard dummy text ever since the 1500s.

back to overview
Pros and Cons : Startups and Franchises
Whether you build your own business from the ground up or opt to buy a franchise, there are some key differences to consider.

Pros and Cons of a Startup

If you’re thinking of starting your own business, based on your idea for a needed product or service, there are a few things you need to know before you dive into the pool.

The Pros

  • You own the idea
  • You’re the Creative Director
  • You retain all of the equity
  • You can run your business as you please
  • You keep 100% of the profits

The Cons

  • Your total upfront investment is unpredictable
  • You don’t have a clue as to when you’ll break-even
  • You can’t get a good handle on your expenses at first
  • Your risk is big, because you don’t know if your idea will work
  • You’ll be under tremendous pressure to make your business profitable
Share on Facebook
Share on Twitter