Alternatives to Start a Business
October 28th, 2010 | 
Author: There are 4 alternatives to start a business:
* Buy an operating business.
* Buying a franchise.
* Starting a business from scratch.
* Start an MLM business.
Consider the concept of these options as well as the advantages and disadvantages of each:
Buy a business in operation
Is to acquire the transfer of a business or enterprise which is currently operating. Of all the alternatives seem to be the safest and easiest way to start a business, but on the other hand, is usually the most expensive.
Advantages:
* The possibility to skip some stages in the creation of a business.
* Saving money, time and energy by not having to start a business from scratch.
* Infrastructure and business system ready for operation.
* Established customer base.
* Name or trademark and recognized.
* Funding opportunities.
Disadvantages:
* High acquisition cost.
* Possibility of hidden problems, such as financial difficulties or a bad reputation, which can be tied to the reputation of the previous owner and may be difficult to establish a new image.
* The possibility that the previous owner started a competition.
Buying a franchise
Acquiring a franchise is to acquire a license or right to operate a certain business, including its processes, logos, designs and brand involved.
Advantages:
* Starts a business that has proven successful, and has a recognized brand.
* It has manuals with procedures and guidelines for creating and managing the business.
* Will have training and technical assistance from the franchisor company.
* Does not require much expertise in certain business issues.
* Saving time and money in designing a new business, and promote it.
Disadvantages:
* High acquisition cost.
* Constantly having to pay royalties.
* Limited to implement new ideas.
* The possibility of business reputation may be affected by the reputation of other businesses under the same franchise.
* Having to undergo the permanent and constant control of the franchisor company.
Starting a business from scratch
Is to mount a business from its inception, from an original idea.
Advantages:
* Reasoning for starting a new business, based on one’s own ideas.
* Accumulation of personal experience in business creation.
* The possibility of new facilities, new furniture, new decor, so it can be to the liking of the customer.
Disadvantages:
* Lack of experience and training.
* Risks associated with establishing any new business.
* The work involved in starting a business from scratch, since the creation of the name, logo design, process design, marketing, advertising, etc.
Start a MLM
Is to sign up or join a MLM business.
Advantages:
* The possibility of high profits with minimal investment.
* The possibility of having a business that can be administered at home.
* Training and education free or at minimal cost, provided by the multi-tier enterprise.
* Not required to have much knowledge on business issues.
Disadvantages:
* Is required to have sales ability, be it ability to relate to others, to persuade them, to be constantly motivated, have perseverance, etc.
* There are good companies multilevel recommended, but there are many others that do not have quality products, and they do not provide good care and training.
