Starting a business is a serious matter. It is not a temporary thing that if you don’t like it after a few months you could easily drop it. Every person that wants to venture into the tough business world thinks of long-term tenure. No business minded person would ever negatively think that he or she could retire the business after a couple of years.
Well, a friend of mine in California thinks that way. He wants to start a business San Francisco, CA, but has this thinking to stop operation after getting back the capital. I think that is not the essence of putting up a business. Aside from the fact that successful business offers a good source of income, it also offers a good sense of achievement.
He feared to start something from scratch and will just die out. Well, then he should consider franchising if he can’t take too much risk. The positive side of franchising is that all the management and marketing aspect is given by the franchisor. Some even gives financial advice and assistance if the franchisor thinks that the location is valuable for them. So, he won’t have to worry because his success rate is fairly higher than starting from scratch. But, he must understand that it requires higher amount of capital. Franchisors require a fee for the right to use their product and name. I think money is not an issue for him.
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