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Pros and Cons : Startups and Franchises
Home » Uncategorized  »  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.
August 6, 2024
Uncategorized

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
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