collection: Starting a new small business

There are two ways to realize a new business:

1. Starting a business from scratch

Some entrepreneurs are more satisfied by having the business and decide everything myself. From the product, management style, determination and other suppliers. However, the risk of failure was higher in comparison with buying a franchise because the company name is not yet known.

2. Buying an existing business

What is meant by buying here are buying a license or concession. Own business is usually already known to the people, we continue to live with the requirements that the franchisor. Disadvantages of buying this business is, employers are not free to determine the desired products and management. But the advantage is, the less chance of failure due to an established name, which was owned by the business itself.

Dede business consultants and lenders generally recommend that new entrepreneurs who do not have the expertise to choose the second path, because of the possibility of failure is lower.