This is possibly a burning question as you consider different options, especially if what you are currently doing is not rewarding and want to do something else. What are your options? Do you find a new job, stay in your current position, or move into business ownership? As you look for answers to this question I suggest there may be many suggestions from those around you. Ultimately, the final answer will come from you and you alone. Deciding if business ownership is right for you includes many emotions and motivations. These may include:
How else do I decide?
Part of the purpose of this guide is to take you through the decision-making process so you can decide if buying a franchise makes sense to you We'll explain shortly how I use a consultative process to go through franchise ownership options to help you understand the buying process, determine what's important to you, and work through your options so you arrive at the decision that makes sense for you. Notice I said "arriving at the decision that makes sense for you." That's the purpose of this guide or workbook and that is, allowing you to arrive at the decision that makes sense to you. Not your spouse. Not your parents, family, best friend, neighbour, accountant mentor, coach, consultant, or advisor... but YOU.
Here are some other things to consider
Goals
I think you would agree that all successful people have goals I suspect that even unsuccessful people have goals, but they perhaps lack the discipline, organizational skills, personal drive, education, and chutzpah, or perhaps they are unlucky May be they are on the path to success but just haven't got there yet. Either way, if you've decided business ownership is something you want to consider. I expect the underlying drive is that you have goals and you see business ownership as the means to get there, in many cases, one of the underlying goals you have is personal wealth.
Perhaps the way to work out the best option for you is by a process of elimination. The key ingredients I would suggest to successfully start a new business includes:
If you are deciding on whether to buy an existing business or buy a franchise and start from scratch, consider the following: Are you an Entrepreneur or an Entrepreneur?
My perception is that most main street business owners are either an entrepreneur or an entrepreneur. I see the entrepreneurs as those that prefer running their own privately held company and with the following characteristics:
I see Entrepreneurs as those that prefer owning and operating a franchise, and they tend to have the following characteristics:
Read more at: http://www.businesses2sell.com.au/blogs/2014/02/how-do-i-know-if-business-ownership-is-right-.php
- No more layoffs
- Having control of your work and personal life
- Having balance with work, family, and friends
- Financial security
- Personal fulfilment
- Success
- Creating and building something
- Contributing to the community
- involvement
- company politics
- Less frustration and job stress
- Getting away from the corporate life
How else do I decide?
Part of the purpose of this guide is to take you through the decision-making process so you can decide if buying a franchise makes sense to you We'll explain shortly how I use a consultative process to go through franchise ownership options to help you understand the buying process, determine what's important to you, and work through your options so you arrive at the decision that makes sense for you. Notice I said "arriving at the decision that makes sense for you." That's the purpose of this guide or workbook and that is, allowing you to arrive at the decision that makes sense to you. Not your spouse. Not your parents, family, best friend, neighbour, accountant mentor, coach, consultant, or advisor... but YOU.
Here are some other things to consider
Goals
I think you would agree that all successful people have goals I suspect that even unsuccessful people have goals, but they perhaps lack the discipline, organizational skills, personal drive, education, and chutzpah, or perhaps they are unlucky May be they are on the path to success but just haven't got there yet. Either way, if you've decided business ownership is something you want to consider. I expect the underlying drive is that you have goals and you see business ownership as the means to get there, in many cases, one of the underlying goals you have is personal wealth.
Perhaps the way to work out the best option for you is by a process of elimination. The key ingredients I would suggest to successfully start a new business includes:
- A business idea not currently in the market or an improvement on an existing idea. The key is that the market will pay you enough to make it worth your while in terms of both money and time invested to get a return on your investment.
- The money to fund your business idea plus keep you fed, clothed, and housed until you turn it into a commercial success.
- The complete business skills package to develop the idea and perfect it and then build and deploy the sales and marketing, operation, management, and financial systems to turn a profit.
- The personality, education, personal skills, and drive to see this through to a profit.
If you are deciding on whether to buy an existing business or buy a franchise and start from scratch, consider the following: Are you an Entrepreneur or an Entrepreneur?
My perception is that most main street business owners are either an entrepreneur or an entrepreneur. I see the entrepreneurs as those that prefer running their own privately held company and with the following characteristics:
- Highly independent
- Visionary
- Comfortable accepting higher risks
- Somewhat of a loner
I see Entrepreneurs as those that prefer owning and operating a franchise, and they tend to have the following characteristics:
Read more at: http://www.businesses2sell.com.au/blogs/2014/02/how-do-i-know-if-business-ownership-is-right-.php