Find a business that fits you –
and not the other way around.

Choosing the right business is a lot like choosing the right partner. It’s a decision that shouldn’t be taken lightly, nor should it feel rushed or forced. Many people say it’s an instinctual experience, as in, when you know, you know.

However, we recommend entering a business relationship with both eyes wide open, armed with as much information as humanly possible. This is the best way to protect yourself and any other parties you may be entering business with.

Let’s take a look at the different types of business opportunities.

  • Startup business –

    Launching a business from scratch.

    Do you have an original idea for a business or the confidence in your ability to do something different or better than your would-be competition? Startup businesses lie at the very core of American entrepreneurialism. This type of business comes with the highest risk factor but it can also yield unlimited return if the business is a success.

  • Existing business –

    Buying and taking over for someone else.

    If you know the type of business you’re looking for and it becomes available at the right time, it could be a great fit. This option carries less perceived risk due to the fact that it should have existing cash flow and a positive track record, which enables you to skip the normal ramp-up time most new businesses require.

  • Buying a franchise –

    Joining an established system.

    Largely responsible for the spread of small business growth in America, the franchise model has made business ownership a reality for hundreds of thousands of aspiring entrepreneurs. Diminished risk is just one of the benefits that come from utilizing a brand name, a proven track record and built-in support.

    Learn more about the advantages of buying a franchise.